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DrAnandM

Gold - Are Bulls Back? Or Will Bears Strengthen their Grip?

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
DrAnandM  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Supply and Demand Parallel Channel
7
2
supplyanddemand parallelchannel
XAUUSD
If Looked at Closely, The Trend Zone has been tested and decent buying is evident. Bearishness will fade above 2050

In that case 2065 2075 2090 and eventually 2100 might open up

2005, Only below this trend zone some more Bearishness is possible in which case 2000 1995 1980 could be tested.

So in Summary

2050
2005

Are the levels

If Gold sustains outside these levels, then the above mentioned zones could be tested.
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