TradeTheStructure

Gold bulls are starting to get active again gunning for new high

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold recently pushed up through 1957 out of contraction so we are eagerly awaiting for the coming expansionary phase to test or break the 2070 zone. Bulls and Gold bugs are licking their lips in anticipation and watching the retest closely. We expect that price will need a deeper move back below 1957 to clean out some more buyers before the move up can get underway. Watching for the higher low for the entry long.

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