GOLD Long Trade

GOLD Daily

Area around 1684 is becoming resistance. A break above this resistance area should bring focus to 1693/95 area. Price has touched this area 3 times and has backed off.



While on daily charts, price is bouncing from a confluence of 2 trendlines & a resistance area. This can also be seen as a retracement after a big sell off of Friday.

I will wait for a break and close above the resistance area on M15 charts as a confirmation of up move and to go long against Friday's lows targeting 1695/1700.