ForexTrendline

GOLD at key resistance. Possible reversal!

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FX_IDC:XAUUSD   Ouro/Dólar Americano
One of the hot topics right now is GOLD.
What we've been saying lately is that we should see another drop in price.
However, this is not changing our long term expectations!

We're looking for a downfall below 1700, but that would mean that price shouldn't go above 1830.
Right now we're at the 1800 resistance and if there will be a rejection, then it should happen in the space of the next 30$.

We're watching closely for this opportunity and we're only going to enter if we have a confirmation and a candlestick reversal signal.

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