Anbat

GOLD Will Be Trading Bear Today

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
3
Last two candlesticks on XAUUSD 15 minute chart, made a bearish engulfing pattern. Major 15mn chart resistance on chart is 1257.00 (look left). Both RSI & Stoch are overbought and turning south now. In my opinion, gold will go down another around $24.00 from now's price action which started at resistance of 1257.00. It will drop to around $1232.00 area, which is not on this chart. Keep on trading with trend, support and resistance. Yes, you are in charge here.
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