DhananjayaShetty

Neutral bias on GOLD for the week

OANDA:XAUUSD   黃金現貨 / 美元

Gold showed the bearish trend in WEEKLY timeframe, Weak bearish trend in DAILY timeframe and bullish trend in 4H timeframe.
So I will be neutral on GOLD for this week.
If Gold opens flat then will think to sell around 1938/40 and then buy around 1905.
On Gap up opening its better to wait for 4H candle closing.
If closes above 1940 and sustains above it then will think to buy with TP around 1986/2000/2024.

If fails to sustain above this and 4H candle closes below 1932, will sell with TP around 1905.

OVERALL VIEW : NEUTRAL _ WEAK BEARISH

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