Yuriy_Bishko

Gold (XAU/USD) weekly overview

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold ( XAU/USD ), Weekly overview

3 weeks ago I wrote that Gold will move down. You see on the chart price moving to 7- Months low $1236. It's key weekly level from which we can look for buy. At this moment I see Gold between key levels.

Near $1282 I will look for short. On the chart, I see that price bounced from that level. Also, it was a support after breaking down it becomes a resistance.

Near 7 months low $1236 I will look for Long because it is weekly level. Most of the times big players start Huge PullBeak from such zones.

Dear friend, you need to know, as a trader, I trade scenarios. It means that I mark key lives on the chart and I open an Entry if the price will reach some of them and there I will see my price action SetUp.

That's why I wrote that gold between key levels and I wait when the price will move to one of them.

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