gdf_fx

Gold Longs for now

FX:XAUUSD   Gold Spot / U.S. Dollar
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we have seen Gold rally into a supply Orderblock around higher time frame resistance and bears take control.

as we can see there is a shorter term downtrend price has formed.

if it continues then a good buy exists around 1330-1331 up to about 1350

If the level does not hold, i will be looking for shorts down to 1310 where we could see a bounce as i do expect higher prices in gold -0.50% in the longer term even though we are caught in a weekly range