Justien

Short-term Bullish, Midterm Bearish

Justien Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Friday movement didn’t manage to fill up the gap of 1870 / 1869. It showed the buyer in control and willing to buy at price above 1870, and there is not momentum from seller end to push the price down further.

After 3 failed attempts unable to breakthrough 1850, it appeared to seller that there is not much space for short at 6x price level. The battlefield may move to 1888 or 1904 if it manage to breakthrough 1901. If the price can reach 1904 level, the chance of retest 1850 or ever lower will become possible.
Comment:

Prepared for another possible
Trade closed: target reached:
Wait for trade opportunity tomorrow
Trade active:
Extended journey and catch many in susprise. Hope everyone safe here...
Trade closed: target reached
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