PardoFX_Trading

Gold Potential Double Demand Hit

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold has dropped to just above the $1300 threshold once again - This time in conjunction with the Daily 200 EMA. We could see a nice move up however it may be limited to the 38.2 where it would meet a potential Trend-line break (Retest) before continuing down, on the Flip side of that, the push from the EMA could push it through the Supply at the top for a Long Term Hold.

Price Action is Mandatory as the USD is very strong right now and it could easily push below.

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