JoelWarby

GOLD - The Big Short

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
OANDA:XAUUSD

If the hourly trend line is broken to the downside, then there will be a short opportunity

Weekly RSI overbought
Key resistance that has held since July 2014 @ 1350
Possible there will be an exhaustion push to around 1340-1350 off the trend line .
TP 1 - 1320
TP2 - 1315

However, a break of 1400 will mean an upside target of 1550
Trade closed: target reached: Setup has played out to the absolute T

Both TP's hit and more...

Gold should now melt over the coming weeks.

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