There has been a massive USD 100 rally off the recent lows of 1522 to current levels of 1637 which is near 200 day MA. With ST indicators on the overbought scale and failure to close strongly above 200 day MA, I am inclined to take a short term tactical short in gold VS USD.
My initial target is 1600 and with further breaks exposing 1550 and recent lows of 1523 or so.
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