OANDA:XAUUSD   Gold Spot / U.S. Dollar
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7
Thought on Gold:
Bullish

Why Bullish:
4hr Wicked bullish above 1670 support
Failed to break 1670 support
Previously we can see higher highs from this zone
Daily closure 1685 above support
Weekly Candle history not broken and bounced of this zone 4-6 times tested previously

Bearish:
If 1670 area is broken and retested we can look to sell Gold .

However Long Term we are still looking bullish for now.

Feel free to comment and leave your thoughts
This is just an idea not a signal
Criticism is welcome

Comments

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