DalitsoTembo

My analysis on XAUUSD (GOLD)

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The gold-dollar pair has been moving inside a channel since the beginning of October, and it recently broke the resistance zone of 1790, following which it fell towards the end of the week. This week is expected to be bullish as well, with a piercing of the 1790 zone to reach the 1815 region.
Otherwise, if it violates the channel at 1770, it may fall to the 1745 price zone.
Only for educational purposes.

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