Gold Short to 1300.00 Before Going Long

12 בפבר׳ 2019

XAUUSD


XAUUSD - Short Bias (Short Term)

Right now Gold is at 1306.96. With Price failing to break past the red moving average. Price is currently below the Red moving average.
We had a rejection off of 1325.00 which is also the Quarter Key level.

We are currently in a Bullish Flag pattern as well.

So my bias is that price action is going to reach 1300.00

Once it reaches this level - we will see if price actions wants to form resistance and start going long.