ProsperousForex
Long

Gold possible correction on its way!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Traders,

We have got some spectacular moves on gold recently. Gold is getting close to monthly resistance level at around 1421$. If we break higher - retest and long entry would apply. If we get a correction our buy zone is at 1360 ish .

Looking at VSA ( volume spread analysis) last candle looks pretty weak as its wick is to the upside, spread is narrowing and volume extremely high!

What are your thoughts on gold market?


Happy trading!
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