XAUUSD - Resistance Sell Short Term, Long Term Buys
XAUUSD is trading at key areas, this is a great time to intra-day trade gold.
Personally i'm waiting for XAUUSD to either breakout at the higher level, there i would be looking for new key zones to trade off, or reject the key level and drop down to the support zone.
I believe dropping to the support zone will happen, regardless if the market breaks out above, as there is non liquidation candle sticks near the lower key resistance level that will be tapped given enough time.
Personally i'm waiting for XAUUSD to either breakout at the higher level, there i would be looking for new key zones to trade off, or reject the key level and drop down to the support zone.
I believe dropping to the support zone will happen, regardless if the market breaks out above, as there is non liquidation candle sticks near the lower key resistance level that will be tapped given enough time.
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