Mihai_Iacob

Gold- I'm waiting for clarification

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Last week, XAUUSD moved like a headless chicken, with spikes up and down but not managing to decide either way.
From a technical standpoint, we have a strong resistance around 2060 and support between in 2025-2030 zone.
After Friday's strong reversal from resistance, the odds are in favor of a down break, but as the title says, I am waiting for a clear signal.
A daily close under 2025 would put pressure on the down side and expose 1980 support.

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