Forex_Monster

WAIT FOR PRICE CONSOLIDATION TO BUY GOLD

Long
Forex_Monster Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
PRICE ACTION:Chart parttern: Descending Channel and price on Support
PSARZ: Price is below Horizontal Resistance but not with full body candlestick
STOCH: Lines heading towards oversold region
SMA: SMA 20 is above SMA 50 Price overextended from SMA
VOLUME:Price Decrease and Volume Increase . Volume above average
FORCE INDEX:Index Number is below Zero
ATR: Volatility Increasing and Price decreasing
CONCLUSION: Price will move up to the Descending Channel support. Sell from there to next support.

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