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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT

Short
Złoto / Dolar USA (OANDA:XAUUSD)  
EliteTradingSignals  
OANDA:XAUUSD   Złoto / Dolar USA
Trend Analysis Chart Patterns Wave Analysis Gold short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

GOLD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 1850.826.

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