alanchin

Gold key position at 1895 today!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
* Retracement of gold down to 5M & 15M support level achieved yesterday.
* Expecting the retest on 15M support level at 1900 today.
* Key position is 1895 today. If breaks down, retracement down to the support of 30M(1885-1890) & 1H(1870-1875) may activate these days.
* Strong resistance: 1920-1925.
* 1855-1860 is the bull & bear boundary.
* We'v closed all our buying orders above 1870 and keep only orders of 1810 for higher bullish positions.
* Short-term trading will be conducted at the supporting position accordingly.
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