VasilyTrader

GOLD (XAUUSD) Indecision & What to Expect???

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)

gold stuck in a horizontal indecision range.

there are two solid reasons to buy from current prices:
bullish trend
fundamentals


but sellers also have valid points:
overbought market
shortening demand

for us, the best option right now is to wait for a breakout to protect ourselves from this uncertainty!
most of the time, in such kind of ambiguous situations breakout shows the future direction of the market.

I am still on a bullish side but who knows :)

what is your view???

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