ForexTrendline

Price on GOLD still holds

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
We've seen price holding around 1760-1800 for a whole week now.
While it's trading around those levels, we're not looking for entries.

A drop is still possible, but first we need to see a breakout of at least one previous low.
As of right now, we don't have such a breakout and that's why it's probably better to pay more attention to other instruments with better opportunities.

We will see that breakout pretty soon and we will have the right opportunity here also.

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