Maingaila

Short Then Long

FX:XAUUSD   None
Gold has broken a strong resistance at the 1484 - 1480 area with a very strong and confident bearish candle. Of course we want to head higher for the 1600's area but before we do, I don't this the bears are done until we touch the major area of support at the 1365 area. If this right, then we should see this metal make normal consolidations under the 1484 - 1480 area before plummeting to the major support at 1365. If gold breaks the 1484 -1480 resistance however, that might be reason to go long but for now, The uptrend on daily is over.
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