DK_Investment

Gold in correction movement - how to trade

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Dear traders,
the gold price is in strong correction movement and we expect more down movement to the drawn buy area. Market should build bottom at 1520 $ to confirm long term up trend. The Indicators (RSI & MACD) showing up that the market has potential for more down movement in this week. Bollinger bands are very tight which indicates a bigger incoming market movement.

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