MichaelTawas

GOLD moment of truth 1800 or back to 1720

OANDA:XAUUSD   Gold Spot / U.S. Dollar
This is a critical level of gold , will gold make to 1800 or gold back to 1720..
if the Price Action stay below the strong resistance level of 1790 then we will see head and shoulder pattern make the gold back to 1720..
if price manage to break 1790.. we definitely see our lovely gold play in new area of 1800..

What you guys think about? This beginning of the third quarter

my personal opinion avoid trade and observe the PA until gold make up their mind is a 50-50 probability

Bull SL on 1760
Bear SL on 1790

are you team bull or are you team bear?

Happy Trade

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