ForexTrendline

Waiting on GOLD

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FX_IDC:XAUUSD   Ouro/Dólar Americano
Last week we saw big fluctuations on GOLD. We've been mentioning the sell opportunities all the time.
The case is still the same.

In case of a break below the previous lows, we will sell and aim for the levels below 1724.
If it goes to the upside, we will look for reversal signals and sell again with a target below 1724.

We do not recommend entries at current levels. Price is at support and this is not a good time to sell.

Watch out for our daily analysis to find out which one of those two options will develop and when will be the entry.

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