OANDA:XAUUSD   Gold Spot / U.S. Dollar
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XAU closed very Bullish however Im expecting a retrace for gap fill.
Looking at a 1st pullback to complete at 1738-43 Zone for retest before either going back for 1779 or breaking below and creating a low.

Other scenario is a retest on 1775/79 Zone and rebounding downwards.

A break up is very unlikely without a decent correction on my analysis.

Currently short to 1738-43 where as I may place Buys on how it reacts on that zone.

Temporary short
Long Term Bullish

Comments

Hi will the gold drop>?
Reply
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