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andrewlickley
Aug 11, 2019 5:56 PM

Gold Analysis 

GoldOANDA

Description

Just a quick analysis of gold as I go over my pairs for the week.
I believe with current world fundamentals (trade war etc.) gold has potential to create a new high in the upcoming weeks. However before looking for longs I would wait for a break and retest of the $1510 region. There is a chance of a pullback on gold before we see this move in which we could see price fall to test the roof of my OB @ $1475 or even enter into the block where it could test my key level @ $1448 which could give a nice R:R ratio.

I have not used order blocks much before so please correct me if I am using them wrong, thanks.
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