Benudhar84

GOLD AT A CRUCIAL RANGE!!!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
-GOLD IS IN BETWEEN A FALLING CHANNEL,REMEMBER A FALLING CHANNEL ALWAYS TRIES TO GIVE A BULLISH BREAKOUT.
-ITS TRADING IN A RANGE FROM THE LAST 6 DAYS, I REQUEST EVERYBODY TO REACT, RATHER THAN PREDICTING AND CREATING FALSE ORDER

FOR A BULLISH SCENARIO ONE MUST LOOK FOR A BREAK OF A ROUND LEVEL THAT IS 1800 WITH A PROPER RETEST
WHICH WILL BE DIRECTLY A BREAKOUT OF A CHANNEL AND RANGE AND GOLD IS STILL HOLDING THE 0.618 LEVEL

FOR A BEARISH SCENARIO ONE MUST LOOK FOR A BREAKOUT AND RETEST OF THE RANGE FROM THE DOWNSIDE AND CAN EASILY GET A TARGET OF 1676(WHICH IS PREVIOUS SUPPORT RANGE)

HAPPY WEEKEND!! HOPE EVERYBODY GETS GOOD SETUP!!
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