Possible Long Scenario

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The weekly trendline shown has held as solid support since late November, however after a strong rejection at the key 1960 level and very little bounce back I expect to fall slightly below into the highlighted supply zone .
Should price hold at these levels I will look for longs targeting 1960.


Have a nice trade!!
+1 Reply
i am bought at 1867. now i am on a heavy loss. what do u thunk i should do
EasyCharts kittoca55
@kittoca55 I would expect some rebound here in the coming days but watch your key levels for potential further sells
Thanks for your comment! Let’s see where it goes after Nonfarm data
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