TraderJ_s

Gold's Long-Term Trend vs Short-Term Trend

FX:XAUUSD   Gold Spot / U.S. Dollar
While Gold has been a short-term sale, it is a long-term buy. A break-through will come within the next 2-3 weeks with a strong uptrend continuation. The latest the trend will break through this downward trend is mid-January. Expect a fluctuation in-between the red lines until there is a breakthrough. It will most likely rise to the 1480s then drop back to the high 1440s, before breaking through. The yellow lines are levels of resistance: solid = stronger resistance || dotted: weaker resistance (retest)
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