Vilecoyote
Short

You Do What You Want!!!!! [Long Term]

FX:XAUUSD   Gold Spot / U.S. Dollar
43 0 1
It appears the general sense is a rally.
I see it differently - There is a definite down trend on all time frames with lower highs and lower lows, this is without any sign of breaking the current Trend. Even with the RSI (7) being immensely over sold recently there was only a relatively weak rally before the trend continued down again. So until a new trend is indicated by a Break of Structure with a Higher High (Look Left - Structure leaves Clues, - Thx Jason/Akil) - You do what you will - I will wait for a Break to the upside and I will be going short on the pull back which would also give me a decent risk to reward.
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