dreadhead4_life

Gold Price action Breakdown-Scalp Trade

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The trend is currently bearish for Gold, but price has met with support and has begun to retrace. I believe that if price fails to break and close above resistance, we can see more bearish momentum leading into the NY open and probably the rest of the week. If gold does decide to break and close above, we can possible see more bullish momentum to continue the trend on the HTF. This trade idea is for scalp opportunities during the London session.

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