A technical look Short to medium term on XAUUSD gold

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The $1400/$1410 barrier is strong resistance since August 2013

Looking closer to the current medium- to short-term moves(H1 time frame) we notice a decline in the positive bullish momentum
And a relative slowdown in the pace of the rise - especially the recent wave

This supports the notion of a bearish rebound even if it is correct towards 1380 levels
Plan your trade and trade your plan
خطط لمتاجرتك، وتاجر بخطتك


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