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lailadahane2003

gold /US direction

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
lailadahane2003 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
the resistance of trend still strong
there is no sign from the candles that show us Purchasing power is coming
the volume indicator also say that buying continues
1- so The chart will continue to decline

i suggest wait for a good sign to buy


Comment:
the candles are very close to the resistance area that resist drop candles
But there is also an opposite resistance of the downtrend

the last time when candles reached to the resistance area it broke it and keep rising so if that area is broken it will continue to decline
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