kaizen-king

Gold - Bulls are in control? short and long analysis

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Long analysis
If price break the resistance zone wait for retest don't fall for bear trap or false break out
Enter in retest after break out 1795.36 or if your are little bit more aggressive you can long in trendline acting as support since there big rejection coming from bulls

Short Analysis
If price broke support trendline and support zone wait for retest to enter the trade

any thoughts?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.