OANDA:XAUUSD   Gold Spot / U.S. Dollar
as we can see on the GOLD chart that the market has been fluctuating within these two strong support and resistance levels. the market has tested each level strongly and changed momentum each time, so because of this recurring pattern if we see price approach the support area and start to show signs of a change in direction we will look for buys, however, if the market wants to break past to the downside, we will wait for a retest to confirm structure and show us that we know the proper direction which the market will be moving in, we will then be looking for sells. however, due to lots of heavy fundamental news recently I recommend being very cautious when trading gold due to the high volatility . so when trading gold wait for strong confirmation of structure or any major fundamental news to be announced.
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