XAUUSDIf the hourly trend line is broken to the downside, then there will be a short opportunity
Weekly RSI overbought
Key resistance that has held since July 2014 @ 1350
Possible there will be an exhaustion push to around 1340-1350 off the trend line.
TP 1 - 1320
TP2 - 1315
However, a break of 1400 will mean an upside target of 1550
Trade closed: target reached
Setup has played out to the absolute TBoth TP's hit and more...
Gold should now melt over the coming weeks.
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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.