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Nee_sh
Jun 24, 2019 3:12 AM

Might Need A Correction Before Going Higher Short

Gold/U.S. DollarFXCM

Description

Fed's policy bullished both S&P and Gold. But for now, gold might need to take a breathe before going higher.
RSI is in the overbought area. Two exhausted candlesticks are also appeared. We can short the gold by watching those resistances and supports. 1430 would be a strong resistance, and the green bars are strong supports.

Comment

Another exhausted candlestick at the strong resistance area

Trade closed: stop reached

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