andrew.berg

Gold short scenario, tactical trade

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold found supply level at $1331 - reversal point from 14th of April. from another side it is building nice upper level base with support at $1325. On daily, it feels a bit extended, so some kind of pullback makes sence.
$1326-28 is another resistance zone inside of that wide range. Looks like bears trying to take control and keep preassure on price.
Next buyable areas could be $1312, then $1306.

Check my Long Idea in Gold in the link below.

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