AvinashMudaliar

GOLD AT IMPORTANT LEVEL. SELL OR BUY ?

FX:XAUUSD   Gold Spot / U.S. Dollar
GOLD IS NOW APPROACHING IMPORTANT LEVEL.

1) BEARISH SCENARIO

SHOULD IT CLOSE BELOW THE MARKED IMPORTANT STRUCTURE, ALONG WITH LOW BEING BREACHED TARGET WOULD BE 1301/1286 CMP 1330.9

2) BULLISH SCENARIO

SHOULD TEST THE IMPORTANT STRUCTURE AND FORM A REJECTION. VERY NEXT CANDLE SHOULD OFFER BULLISH VIEW, IF POSSIBLE SHOULD GIVE TRIGGER ON CURRENT OR NEXT CANDLE TO GO LONG.

LETS WAIT AND SEE, HOW GOLD REACTS NEXT WEEK
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