SonicDeejay
Short

Gold XAU/USD (Still under overall BEAR)

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

I am Slightly Bearish .
We are in the strong downtrend for the past 3 weeks and I am expecting the danger of rebound is getting real as more and more joining the sell side.
If there is any rebound, it can travel up to 1269 to 1279 region.

If you want to short, wait at these levels (or) you can cautiously long toward these levels.
We use FOMC and it will impact on USD and gold .

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Sonic



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Comment: We are seeing a nice rebound, it must be mainly due to oversold nature of the market.

It can rise further for now and I reckon it can travel up to $1269, $1270 level first.

Trade active: Gold

We have NFP tonight and it shall be under "good" category.
It shall spur the "risk on" moment and bring this pairs up for a time being.

I foresee, it can swing up to a decent resistant level of $1269 region

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Sonic

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