michaelabd

Gold in important area

Long
michaelabd Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold in important area , the price retest the daily trend from 1920 and he closed above the trend @ 1529 . and if you look to weekly frame you can see that this point was strongly enough to send the price from 1529 to 1785 on year 2012 .
if the price break that trend i think he is going down to touch the old trend around 1390 . but he has to break 1480 first ..
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Comment:
Comment:
the price went to buy's target @1635 and start to go down and now the price is 1604
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