OANDA:XAUUSD   Gold Spot / U.S. Dollar
Well i can certainly feel my insides turning because of how this trade makes me feel...very unsecure. Investing.com is saying Gold is rallying, so would a day trader like me make more sense when people are fed otherwise? I guess it would be better to wait until price breaks any of those structures indicated on my chart. I have a strong feeling gold prices will bounce off the monthly descending trendline and go into a large sell-off. Of course the other option is price moving upwards, but we will just have to wait and see.


It's due for a retrace, also we're on week 6 of uptrend, should see a down week next week, would anticipate a dump towards end of the session.
@ant187, Thanks for your comment. Well said and i concur.
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