allout06

Gold about to die again?

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OANDA:XAUUSD   Ouro/Dólar Americano
Looks like gold is on wave 3 and ready for its final bull run before a pull back. We have several confluences at the $1900 and $1950 levels. We have order volume, a trend line with this only being the 3rd test which typically fail for a break, heavy bearish divergence on momentum, heavy resistance AND it'll be REAL close to the monthly upper band. Where will we go? Likely to test the $1850 range. Which is a key level of support, if we break that, $1700 here we come.
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