ForexTrendline

Two options to sell GOLD

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
In our analysis yesterday, we looked at the next levels for GOLD

In order to get involved in this move, we've got two entry options.

The first one would be if price goes up to test the resistance of the current range and it shows rejection.
This will give us a good risk to reward ratio but it's a bit risky.

The second one would be to wait for break of previous lows and below the range, then wait for a re-test to make our entry.
This one will give us a better confirmation.

On both entries, our first target will be 1860.

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