stagenfx

GOLD TREND ANALYSIS

OANDA:XAUUSD   Emas / Dollar A.S.
So what kind of a situation do we have on gold? Previously we seen price break the support on both weekly, daily and four hour time frames aggressively, from that perspective, after a break out mostly price tends to retest the support turning it into a support. therefore I am speculating for a long position towards the previous support, and then watch price action for a possible rejection in order to look for shorting opportunities.
let me know what you think will happen to gold, on the comment section.

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