ForexTrendline

First buying opportunities on GOLD

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
We've been waiting for this moment for a long time and we understand everyone who wasn't patient enough to buy.
Until now, for us there wasn't enough basis to make an entry and we were actually looking for another drop.

Today we already have our first buying opportunities on GOLD.

The first resistance right now is at 1830 which we expect to be reached soon and later on probably even higher values.

On this stage, probably the best scenario is to wait for a possible pullback to around 1800 and then make an entry with targets above 1830.

This is the main trading idea as of right now.

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