Mihai_Iacob

Gold- Big volatility, now what?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
On Friday, Gold reached my 1812 target, and, after a short spike above, dropped like a stone and continued this drop into Monday's open with a low at 1770
Now the price is exactly in the middle of this new range, but most importantly in short-term resistance (1795).
A break above this resistance would confirm last night's drop as a false break under 1780 support and Gold has an open road to Friday's high at 1815
I'm bullish as long as 1780 holds

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