BitkoinKing

Gold Possible Long Position

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
This particular position is still developing. I am waiting to see what happens at this particular consolidation area. In my analysis, if the area of value between 1497 and 1500 is accepted, and we see volume at its current level, or rising, or next likely target is close to 1512. If we reject the area of value, and break down, or target to the downside would be back down to 1460 area.
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