btcluciano

Xauusd Bounce of Key Level

Short
btcluciano Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Price heading toward key level for potential bounce. If price doesn't break key level it will complete head and shoulder formation, and also form a moolahs reversal formation. With USD going bullish after this months NFP we have another confluence for my analysis. Once the Rsi shows price over the 70 level, potential shorts towards the support zone price 1679.13.
Trade active:
Entry moved to 1832.60 due to previous wicks around the key area found resistance at that price.
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