OANDA:XAUUSD   Gold Spot / U.S. Dollar
For the price action, candlestick analysis people out there, The weekly chart shows a Shooting star/Bearish Pin bar on the Weekly chart and a confirmation of it with the week just passed with a weekly candle close below the low of that Shooting star/pin bar. This is a pretty compelling reason to look for sells at least down to that red zone in my opinion. However, It is in a strong bullish uptrend, so it can really continue upwards. And when trading against trend it is hard to say how far we can go but I'm leaning towards looking for sells if the market can break through the red zone it is in, and the green zone as well.

Trade at your own risk, Unfortunately, I am not a professional and this is not professional advice, maybe one day it will be, until then use your own analysis as well.

PatiencePays
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