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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT

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Oro al contado/Dólar estadounidense (OANDA:XAUUSD)  
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OANDA:XAUUSD   Oro al contado/Dólar estadounidense
Trend Analysis Chart Patterns Wave Analysis GBPJPY 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 classical trend following opportunity for a short trade from the resistance line above towards the demand level of 2020.789.

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