TradeMagna

GOLD - Withdrawing momentum and support level

Short
TradeMagna Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold now stands in front of support level which would implies a very low price level if the market broke it with good momentum.

In case that market broke it successfully we would target the lower boxes respectively.


To be updated...
Comment:
According to the previous setup, GOLD should not exceed the descending trendline, otherwise we will target higher prices.

Take care traders, we will update the idea if gold penetrated the trendline

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