Mihai_Iacob

Gold- Stuck in "no men's land"

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday, after touching 1930 median resistance, Gold dropped pretty quickly to 1910 zone support just to find some solid bids here and reverse with power to 1940.
The daily close in inconclusive and as long as the price is contained in 1910-1950 range XauUsd doesn't have a clear direction.
I will try to trade this range with buy orders around support and sell around resistance.
On the medium-term though my bias is bearish

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