AvinashGaikwad

will Gold shine again??

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold took support at broken trend line which implies downtrend is over.( inner trendline)

Outer trendline is still acting as resistance.
lets see which trendline is powerful.

Resistance level 1300

support 1150.

Comments

yes exactly. fundamentally I am bearish on gold as markets are bottoming out and it looks more money going to flow in equity than commodity.

I am bearish on gold will sell on resistance level.
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1300 level will be test
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