DesharedPierreJr.

Gold broke another correction trendline

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I believe that as gold continues to become bullish at support that its willing to break into a higher high. Currently the downtrend momentum is halted by consolidation. Because the overall trend is currently bearish, I will await a reversal candlestick along with volatility on support for any long positions. Potentially a false breakout to the downside. Currently there will be some intraday bearish activity as another shooting star presented at resistance and a bearish engulfing. Price is currently trading beneath the neckline of a double top.

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