XAU/USD: Daily update Long

Gold/U.S. DollarFXCM

Description

⋅ Oct 12, 2016 6:25 PM

Drop paused for now, possible bullish PA if we look at momentum oversold condition...

If we continue down then the 1210 level is a good level to take profit on shorts and think of switching back to longs...

Comment

⋅ Oct 12, 2016 6:27 PM

Weekly confirms this view, current level at the lower BB, MA below...: