VasilyTrader

GOLD: Important Warning!!!

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar

this is my weekly update for gold .

currently, I don't have any active position.
However, based on the question that I received this morning
I see that many traders missed yesterday's selling rally and still want to jump in.

Analyzing structure on the left, we can easily notice that gold has reached a key support level .
+we see a formation of a dodji candle and multiple rejections.

For this reason, I think it is late to sell the market,
I think the price will retrace from the identified support.

*If you want more ideas on gold , please, support the idea with like and leave a comment, thanks :)

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