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FxJohnson

GOLD BUY CONFIRM ANALYSIS FOR TODAY

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
FxJohnson Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Fundamental Analysis Beyond Technical Analysis XAUUSD goldtradingstrategy goldshort goldsignals goldbuy goldprediction Forex
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trendanalysis fundamental beyondta xauusd goldtradingstrategy goldshort goldsignals goldbuy goldprediction forex
The gold market attempted to catch its breath after a phenomenal day of trading yesterday. Registering a 5.42% round trip, the price of gold obliterated the prior swing all-time-high around $2081 only to retrace the move and end the day significantly lower.

The RSI surged into overbought territory and has already recovered – highlighting the massive amount of volatility experienced yesterday. Today, however, trading has been more moderate, trading below the $2050 level but the uptrend remains well intact and well above the 200-day simple moving average (SMA).
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