Master_Swing_trader

WHAT CAN WE TRADE ONGOLD RIGHT NOW?

FX:XAUUSD   Gold Spot / U.S. Dollar
Even though the overall trend is bearish gold is presenting a 2 sided opportunity,on one hand we have a buy setup that just took off for short term traders this is a great day trade or scalp opportunity,seeing the double bottom we have in the 4H evident that this week we have failed to print lower lows for that bearish move ,An inverted head and shoulders can also be seen supporting the short-term bulls..But the resistance at 1685 is resting on a daily trendline aswell as the 61.8% fib level so we can only wait to see if we get that decisive break to the upside or a rejection to continue the current overall bear move

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