the monthly chart of xaausd shows that it's going down

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
because of the trend and the risistence, it's probable that the monthly chart is going down. Porblem is that I don't know if it's going to 1055, 680 or 1055 then back up and finally to 680. Maybe you have the answer?
oh dont sell before the break . Entries long was yesterday
Very possible. This move up has been primarily on investor sentiment rather than fundamentals. When I start drawing more lines in a smaller time frame I see possible break back up to 1350 which would be a psychological resistance are as well. WE are in a bit of a flag patter an the moment. I think that the next wave will tell us if we break out from the current channel/flag that we are in.
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