mytw0cents

XAUUSD : WEEKLY TRADE PLAN

Short
mytw0cents Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After a decline last month, the gold price recovered 50% of the Fibonacci retracement and completed the week at 1808.72.
The loss of roughly 250+ pips on the last day of the deal leads me to believe that the seller is still in charge. 1808.72 is still a steep amount for a buyer to pay... perhaps we'll see more seller discounts to buyers in the future.


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