ForexTrendline

Has GOLD started to decline?

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FX_IDC:XAUUSD   黃金現貨 / 美元
Yesterday we saw that it's not the time to buy GOLD and we still believe it.

Today we already had a 30$ decline. That's a good moment to move stops or collect profits for all sellers.

In order to confirm the move and to be able to make new entries, we will look for a breakout of the 1757 level.
A drop below this level will allow for sales. Before that we can see another rise above 1800 in which we will not participate!

We will follow the important levels and we know the main direction in which to trade. That's all we need.

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