AlkalineFX

XAUUSD - Stand Still

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Although I had a bearish bias to begin with I am beginning to think that we could see upside potential if remain above this horizontal line marked. The sell off after trapping buyers will now provide the banks with enough liquidity to create another move, I can only assume when people saw the significant drop they changed there bias to sells if banks have convinced you price is going to move one way they tend to move it the other way.

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