TraderNeoh

XAUUSD (Gold) - Short-term Buy Confirmed?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi Traders. Since the rejection at 1680, I've been talking about buying opportunities along the way as price formed healthy Bullish signs on the lower timeframe.

For now, what will determine my short-term bias will be the minor support at 1755 - 1757.

As long as price holds above this minor support structure, I will still be looking for short-term long setups.

However, if at any point price dips below 1755, showing lots of bearish pressure, then we'll have to re-assess everything.


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