ForexTrendline

Key moments on GOLD

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FX_IDC:XAUUSD   Ouro/Dólar Americano
We didn't see anything interesting on GOLD in the past few days, but a ranging market.
However, soon we should see the next big move in either direction.

Right now, we don't have an active position here and we don't recommend entries.
There is a higher probability for a downside move, but in order to get involved we need to see a breakout.
An impulse with a candle close without any wicks will give us an entry opportunity.
Until then, we're not looking for any other opportunities on this instrument.

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