marketplaceguy
Short

Money Flow Index Trading Strategy

FX:XAUUSD   Gold Spot / U.S. Dollar
195 0 0
As u can see the trendline violation in MFI ,negative divergence and breakout of the actual pattern & rsi clearly showing its overbought.So i would go for short here would recommend everyone to short from a strong resistance and this could be a big correction towards downtrend
Comment: Please ignore the previously selected long position from the left tool tab it has nothing to do with current strategy on gold...
Trade closed: target reached
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