Mihai_Iacob

Gold facing strong resistance, I favor short trades

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After clearing 1800 figure, Gold has had a good run and now is trading in strong confluence resistance above 1850
At this point a correction is probable and bears can look for 1820 as a target.
On the other hand, a clear break above this resistance would expose 1900 important resistance

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