asharifan

Do Not be in a Hurry! the short-term downtrend line isnt broken!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
confirming my last analyzes, i must ask you to avoid opening long positions yet because we are still bellow the 50days downtrend line , we need to scan our chart, tonight and maybe Monday night price action is important .
we can even sell in case of Gold price respects to mentioned trend line.
we can just open buy position if we find daily close beyond this trend line .
personally i think that gold cant break this line unless it comes down and reaches our key support zones mentioned in my last post.

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