POSINEXA

Gold has Reached the Peak

Short
POSINEXA Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I found that Gold has been in Overbought position, as indicated by the RSI indicator. Here Gold will experience a daily/weekly price correction, with a profit target of $1800 (Demand Zone) and at the point of position (approximately) the Daily Moving Average line (WMA-200).
Trade active:
Hope my analysis helps. Good luck to all of you.
Trade closed manually:
Cut losses. Gold will pump again higher.
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