OANDA:XAUUSD   Gold Spot / U.S. Dollar
as we head towards 1700 resistance zone once again and the USD is showing strength I could possibly short the XAUSD from this level down im expecting a pull back to the Fibonacci levels on the higher time frames we have 61.8% at 1630 and the 71% just under 1620 if we do look on a daily chart we can see that the MA is floating around 1660 this will be the 1st level to break I think gold overall will push 2000-3000$ a ounce eventually but not right soon don't think the markets got the strength as of yet

PLEASE NOTE : this is not a investment idea or any investment guidance this is just technical analysis of the markets and my view

if you have any questions message me :)

Comments

would you recommend any buys or sells as of yet or shall i wait?
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