Short scalp on GOLD

FX:XAUUSD   Gold Spot / U.S. Dollar
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.

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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out