OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price is currently sitting on a major structure and planning its next move. We are staying out of it for the moment, as we do not have enough confirmations to open a position for GOLD. If we manage to bounce from the identified area and re-test it, we will be going long. On the other hand, if the price breaks that zone and re-tests it, we will be opening short positions and aiming for the target areas shown on the graph

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.