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robertogil25

Break out for gold

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
robertogil25 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis XAUUSD goldminds
9
3
trendanalysis xauusd goldminds
See triangle forming, may see a little range/ sideway movement on the chart. waiting for possible breakout in London session. WATCH OUT FOR FUNDAMENTALS
Comment:
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Comment:
Currently consolidating. As I said before waiting for a break out in london session, possible retest of the 1705-1710 area. do not enter any try until the break out.
Comment:
Broke out from the 1687 mark up (resistance) that was marked all the way to 1705 (as stated previously) to retest those levels for 80 pips. Then it wicked back to 1685 for 100 pips. Easy money
Comment:
1687 acted as the new SUPPORT level after broken. Gold retested and respected the support level. And it flew over after ahead of monetary policy and the news that the US has entered recession according to a few economists. fundamentals like I said playing an important part
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