jakrmo

Continued bearish, or slight retracement?

Kort
OANDA:XAUUSD   Guld / USA-dollar
As per my last Gold analysis, I said I wasn't sold on the long term trend flip to bullish. Overnight the Asia session broke the consolidation area marked on my chart, which potentially ends the bullish pullback we've seen over the last few days, but who knows right? I am looking for a strong break of the 1700 level before I consider any sort of entry.

If i am just chatting waffle, and this market remains bullish for the time being, then i will be looking for a break of the daily resistance before an entry to the upside.

We will have to see what the London session brings us.
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