Mightybazza

Gold oversold and battling resistance.

Short
Mightybazza Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Looking to take a short trade back towards 1855, where I believe we should see a bullish switch after testing recent strong confluence zones between 52-58

Take profit will be at 1858,1855 and 1852 for my three small positions. After reaching the area and consolidating, my thesis is that it'll resume its uptrend.
Comment:
Obviously by oversold i meant overbought... kekw
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.