OANDA:XAUUSD   Gold Spot / U.S. Dollar
Pattern: Trends

Confirmation: Rising trend being squeezed into a limited price range.

Entry: Waiting for to see if we have a rejection candle from the trend line , potential break and re test strategy or lastly working with the power of buyers vs sellers by monitoring volume . currently will enter a buy if we receive a rejection indication here failing that will enter a sell if we break and have a good re test of structure.

Fundamentals: Strong finish last week to DXY causing a big fall in gold , look to see if the dollar continues its strength a lot based on employment reports.

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