KaisMarket

XAUUSD 1860 LEVEL TO 1900

Long
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Gold last week we saw $98 drop very sharply. Price to open the week i would anticipate a correction before any next moves. price has dropped to .618% fib level. We can see a demand zone level created previously at this current level. Correction to 1900 level would be nice to see if its tested at resistance. if so we could see price pushed further but the main thing to note hear is the up trend is currently in tact. I will be trading price action and looking for buy entries near where we are currently. If price continues to fall i will wait for a confirmed re-test of the structure

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