FXKing009
Long

XAUUSD - BIG SELL

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently consolidating in the highlighted area before it plummets through the earth.. there is divergence across all time frames, and a lot of price rejection.

Gold usually follows the same patterns as oil so we can expect to see price reach an all time low ;)

Just wait to see if price breaks 1670.00 - then ride it all the way to the bottom
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Comments

Great analysis, I'm confident price is going to drop aswell

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FXKing009 forexwithfred
@forexwithfred, Thanks :) lets wait for the drop!
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Does this mean that if hovers around the 1680-90 that there is chance of a bounce back to 1705-15?
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FXKing009 AlfieHarris22
@AlfieHarris22, I can definately see potential for price to reach 1700 again BUT becareful as gold is about to fall through the floor
Reply
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