SCHeroFX

XAUUSD - H1

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OANDA:XAUUSD   Ouro/Dólar Americano
For gold, there is a huge gap left behind in 1833~1831. For that reason we feel that the price will attempt to retest this area again and if this support holds then we could see another bounce and rise, in contrast, it can continue to push lower again this time. The price is still within the descending channel for higher TF and it is too early to conclude that this is the reversal. However, we could see the price movement get affected very much based on fundamentals lately. So it is prudent to go level by level and control ur lot size.

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