OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold hit a major resistance zone that turned support today and it's looking bullish . With further confirmation, long positions can be opened to take profit at the first resistance zone then if price shows bullish momentum, we can look to take profit at the second resistance zone .


Beautiful analysis!
+1 Reply
good analysis
Nice idea, its definitely a buy but maybe that first TP should be at the re-distribution level at 1913-1920. Just my opinion however.
The big institutions who cause the big moves aren't trading support and resistance and they're the ones making the money. There's a lesson in this somewhere. ✌🏻
@StewySongs Thank you for voicing your opinion. I am relatively new to trading Gold guess I have a lot to learn.
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