p4917

Short-term indecision in Gold (XAUUSD)

TVC:GOLD   CFD sur Or (US$/OZ)
As you can see I would determine the short-term direction in Gold on the basis of the support/resistance area between 1755.50 and 1751.50 (roughly estimated).

As long as the price quotes under this area it's more likely that the recent swing low at 1680 USD is getting tested again.

In the opposite case if Gold manages to overcome this resistance zone it's likely that the price reaches the area between 1792 and 1832 USD.
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