OANDA:XAUUSD   Gold Spot / U.S. Dollar
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2
Gold is currently at resistance however price has not followed through to the downside in line with my previous analysis.

It has printed a long wick to the downside into 1712 region. More often than not based on my experience this is a sign to exit short positions and look for longs.

I have not entered as yet. I am waiting for the price to come back to 1712 region in order for me to go on or buy once we get the first initial push to the upside and breaking structure.

I will update as to follow.

My last analysis I am happy with
Trade active: Entered Gold Long with stops @ 1715
Comment:
Comment: I have taken have my position off.

Comments

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