YGForex

Gold Reaching Trend Resistance Level...

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Before I share my analysis on gold, do look back at my previous gold analysis. Link below. After looking through my analysis, you will understand that finding levels for gold is important and there is not much complication when trading gold if you follow the rules. Having said that, we can see gold reaching a trend resistance level as it heads up. Therefore, this will be a short term BEARISH movement for gold as I do not see gold breaking out this trend support and resistance zone as of now, but will continue to slowly soar higher.

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