UnknownUnicorn13514545

Gold likely to test the 1680 area major support

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold was trading inside the 7 week range since the hawkish FED statement initiated drop a month ago. 1830 resistance tested many times and failed to break + better unemployment rate and added jobs pulled the pair to drop hardly and closed around 1763 area . As of now , 1750 stands as a strong support which is also the range bottom . In my opinion, gold is likely to break downside eyeing the 1670 -1680 handle coming days .

* Continue Scalp inside 1750-1830 range
* Positional sell if the price breaks below 1750 , sell on every rise with split positions


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