FUNTRADER-Vera

0207 GOLD Wkly pLan new chance to sell later?

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello traders,

Lets have a quick review on GOLD for last week.

Gold continue down to reack last low to finish a ABC wave on 4h chart.


And it rallied up on the 1st day of July. It could go back to 1828 before making a new swing down.

On wkly chart, I would prefer to see sideways price action before making a new leg down.
So from next Tuesday, you should follow how far the swing from 1789 can go up to, and check selling signal again from there to follow a sidways price action for GOLD .

GOOD LUCK!!!
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