ForexTimes_
Short

GOLD near strong resistance

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders

The past forecast came true.
Gold is next to a good resistance zone .
The zone consists of two resistance lines and a resistance level 1510.
I expect growth to this area after which the price will begin to fall to the support level of 1487.
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Just got the confluence to short. I'm selling too
+1 Reply
ForexTimes_ BarryAllen_Thee
+1 Reply
malazamm BarryAllen_Thee
@BarryAllen_Thee, thanks.. You analyses in on point, you great leadership.
+1 Reply
I also think more highs are coming, its fighting to go back on top,,,, won't be going under 1500 anytime soon
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I think more highs are possible
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ForexTimes_ DaweFXHunter
@DaweFXHunter, thank you for sharing
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In the last couple of weeks gold has largely traded directly opposite to stocks. Its stuck in the middle of nowhere at the moment and its hard to gauge any particular trend, it feels like it can go either way.

On the one hand it feels like gold wants to head down the channel in between the 2 blue resistance lines. Yet on the other hand it feels like there is weakness in stocks and further drops are coming soon which would send gold upwards.
+2 Reply
i also expect this.....at least 1484...lets c...
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Write what you think about GOLD
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prakashgp ForexTimes_
@ForexTimes_, strong weekly candle. Follow up candle expected this week
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