OANDA:XAUUSD   Gold Spot / U.S. Dollar
as we have seen gold has shown a beautiful short setup previously after a buy signal and we also know gold overall trend is downward trend as always said trend is your friend and we strictly follow this principle and i have drawn a H1 Bearish Trendline and gold had a Resistance on that previously now and today gold is on daily Major Support level and i expect gold to pul back and break this consolidation and go upwards to its H1 trendline also gold has given three bullish candles which carry alot of buying pressure so we will be buying gold from here to our safe zone of 1929 level and then to trendline 1940 level

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.