oakman

Gold Daily Short Area Possible(Same for silver!)

Short
oakman Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
7
Lunar--Yellow line marks 2 days prior to last quarter of moon. New wave down possibly begins. Place a sell trade just a few pips below today's closing daily candle. Stop loss a few pips above high of prior days green candle. 2 to 1 reward/risk. The channel shows areas of prior support/resistance that provide extra clues that this may be an area of resistance. Price action is now showing bearish at this level.
Comment:
Also if you draw a horizontal line at the prior low set on 05/30/16 you see that price is now around that area which is another potential resistance area.
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