allout06

Gold about to die again?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Looks like gold is on wave 3 and ready for its final bull run before a pull back. We have several confluences at the $1900 and $1950 levels. We have order volume, a trend line with this only being the 3rd test which typically fail for a break, heavy bearish divergence on momentum, heavy resistance AND it'll be REAL close to the monthly upper band. Where will we go? Likely to test the $1850 range. Which is a key level of support, if we break that, $1700 here we come.
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.