Overbought condition of Gold....Selling off so far..Some Support
Gold price really knocking down hard on the 80 level of the Daily Stochastics...It is down around the 72 level....Weekly Stochastics is sitting above the 80 level at about 84.
Price has sold off but found some Daily time frame support around 2483.
I am awaiting 2 x Significant economic reports over the next 20 minutes....then we might look or a trade on the first pullback retracement. I hope it is LONG.
