FX:XAUUSD   Gold Spot / U.S. Dollar
190 2 13
If we look at Gold             market, we'll see up trend and period of correction movement. Price broke MA50 and now it's between the possible resistance line and the support zone . For long trades we'll need price reversal from the 1310-1300 or MA100 which also will be confirmed by RSI and MACD . As for short trades, we can try to find entry levels based on 15 minutes and 1H charts with close profit targets. But don't be surprised if price bounces and reaches your stop orders. I think the better entry levels for short trades can be when price breaks the support zone and MA100. But don't forget that this down movement must be confirmed by DMI and MACD indicators.
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Thank you for posting the direction for Gold.
DLavrov greenplay
you are welcome!
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