ForexTrendline

Are we going to see another drop on GOLD? When?

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
GOLD is currently in a resistance zone and we're expecting the next drop.
We might trade around the same levels until Wednesday before the news.

Once the news are over, then we will look for selling opportunities!

The first one will be on a breakout of 1827.
The second one with a higher probability is after a test and rejection of 1827.
The third one and probably the best entry would be after a breakout of 1805.

Depending on the risk that you use of your account, you can decide when to make an entry.

We will look at this on a daily basis and watch out for potential entries.

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