LiranEn

Is gold changing direction upwards?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
So, after a huge drop in the last weeks, we can see gold reaching a double support - to the liquidity zone I mentioned and to historic 2 years uptrend line.
We can also see a might be reverse head and shoulders if we go long from here which probably going to break the resistance for ATH.
on the other hand, if we reject it and break the supports, we might see gold going to 1680.

What do you think?

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