FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
224 0 7
Price around the extreme of the downtrend channel ... description in chart
Comment: So far the price is around the interest area, therefore at this point one should evaluate based on the price action if there are interest of the buyers to keep pushing higher or if the sellers seem to step in, if so then a short entry could be triggered ... but at the moment everything depends on the price behavior
Comment: Possible Trading range

Comment: So far the buyers seem pretty strong and no signal of weakness has been shown ... so keep watching the price action
Comment: the price reahced the Lower limit of the downtrend channel, for now it seems to be in a consolidation period ...
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