StevenSng

Gold Opportunity

FX:XAUUSD   Gold / U.S. Dollar
159 0 6
We can see OANDA:XAUUSD             broke daily uptrend trendline after testing weekly downtrend trendline . A break below 1300 level should warrant a short position after retesting support turned resistance, targeting 1211 level (previous structure and 50% retracement ). Else we should wait for a break of weekly downtrend to opt for long positions.




Comment:
snapshot
Comment: Nice move down +500 pips, to 38.2% retracement

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