OANDA:XAUUSD   Gold Spot / U.S. Dollar
Following Gold's massive bearish move at the end of last week, we can see that price is getting ready for another move. We can see price accumulating orders in the form of a converging wedge, once liquidity is collected we will see gold start to move. Once we have seen PA (Price Action) show us where gold is heading I will be looking to enter a trade.
- For Buys - I have marked out my target area, that being the 1828-1830 area as my AOI (Area of Interest).
- For Sells - I have the 1764-1766 area as a much longer-term sell-off.
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