Mihai_Iacob

Gold is approaching my sell zone

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Since the recent low at 1753, Gold has risen exactly 500 pips at the time of writing.
However, as I said in my long-term multi-timeframe analysis, the medium-term trend for Gold in my opinion is down.
At this moment the price is approaching my sell zone and I expect a drop from that point.
That being said, rallies around 1810 should be sold and only Gold above 1825 would change my opinion

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