ForexTrendline

Are we going to see a retracement on GOLD?

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold has reached the main resistance on 1830. This level could cause a retracement in price after which we want to enter long positions.
The best entry opportunity will be on a bounce of the 1800 level after the pullback.

In case of price breaking above 1830, we will wait for a re-test of that same level and then make our entry.

We don't have any important news this week, so it's very likely to see a quite market without any major moves.
Tomorrow USA is also off the market!

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