OANDA:XAUUSD   Gold Spot / U.S. Dollar
Ladies and gentlemen, HTF is showing potential to reject this Monthly support. Looking to the left at structure price has been in this range respecting a HL point made Q2 of 2020 around 1685 off the Weekly. 1703.120 hasn't been broken in ages so if price descends past this zone I will look to sell hard. Bullish rejections and engulfing almost every time price has tested this support. Possibly looking to the upside because price might continue this range pushing back up to 2000 eventually. Short term I'd like to see price break 1725-1730 on the bull side and climb to 18. On the bear side 17 flat or even 1690 could be a strong possibility given the momentum. See a big double bottom HTF in the works, we shall see. God's resources and rebels never die. Happy Trading!
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