bestfarbit74

short term strategy for gold

OANDA:XAUUSD   Gold Spot / U.S. Dollar
price at the moment is moving between 2 key support and resistant levels.

I expect price can move in the ranged zone for awhile. so below local trend line

will keep dropping however may test around 1960$ before another step down.

in longer timeframe charts I don't see any strong bearish trend yet. so

as long as the key support level 1903$ hold the price I consider it as correction wave.

above the resistant level 1960$ is also tend for more upward pressure. let's see




Enjoy the market

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