AlexxChan
Short

Short scalp on GOLD

FX:XAUUSD   Gold / U.S. Dollar
SHORT TERM ANALYSIS:
After a major rally from gold             , we can expect Gold             to reverse at this point. With RSI heavily in the oversold region, we can catch some pips shorting it.

LONG TERM ANALYSIS:
Gold             can potentially go up higher following the retracement. However It may always run sideways after the retracement

Short @ 1073.55
Stop @ 1075.71
T/P @ 1069.77

Happy new years everyone, and please follow and leave a comment for better and improve future analysis!!
Trade closed: target reached: Gold dipped down as expected, however it just barely missed the take profit
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