theoris

How should we deal with Gold after this.

OANDA:XAUUSD   Gold Spot / U.S. Dollar
You will see my last idea almost sell on red zone.
and trade on short term
Now gold swing approx. 1510 - 1520 zone
Check in Daily chart (Right chart)
I think gold will drop to 1480 zone (or deeper)
and swing in range 1480 - 1520
after She is ready .Next station 1578 zone
But Gold is hard to predict
How to trade:
Wait till support zone for buy
till resistance for sell
and check minor timeframe for entry.
Now Gold drop to 1514 if can break below 1509
it is good for seller may sell on rally (Left chart)
PS
My note for memory.
I think it may drop to 1480 then swing back to 1577 above... You're analysis may work
+1 Reply
thanks it just hit 1508
+1 Reply
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