arcofx

XAUUSD price reacting towards resistance.

arcofx Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Price has been consolidating under the resistance line for 2 days now. Though, it hasn't really shown much price action. Might wait out til next month and see if anything comes out.
Trade active:
Placed a sell order on the 1250s. Price actions seem to be biased bearish.
Comment:
Price has made a breakout breaking the low of an inside day candle.
Comment:
Gold is currently in consolidation on the resistance line. Waiting patiently for the rest of the week.

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