AlkalineFX

GOLD - Loading the Next Impulse

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After forecasting gold's last move as seen below in 'related ideas' we now think that price will pull back into the significant level of 1980 before showing any signs of rejection. If we manage to reach that level and buy confirmations become present, we can look to long to the moon.

It is important to be constantly checking the performance of the dollar on the DXY and viewing the COT data on Gold.

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