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JosephRodger

GOLD - Which way?

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
JosephRodger  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Looking at gold, there is a clear resistance at around 1510, I am thinking if gold breaks through this resistance we will wait for the retest and then buy on this key area. If gold breaks underneath the trend line then we again wait for retest and then sell with a smaller TP, as I believe in the long term gold is going to rise due to the state of the macro economy, but let's see. My trades are below:

Buy @ 1512-1515
TP - 1550
SL - 1498

Sell @ 1499-1495
TP - 1475
SL - 1505
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