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XAU/USD - GOLD - SELL - 30/10/2017

OANDA:XAUUSD   黄金/美元
Gold             grew up on Friday and is testing the level of resistance 1273.80 - 1276.20, where large volume is concentrated. The move was on large volume , so we should wait for the reaction of the price to the resistance in order to understand the further direction of gold             . Of course, given the presence of large volume accumulation at the top of the chart and the local downtrend, we must give advantage to short positions.
Sales should be opened after a strong and sharp rebound of the price from the resistance. The move should be on large volume , so it will be a more accurate signal for entering the market. A stop loss should be placed above the level 1276.20. A potential of the deal is 120 points.

The bottom line: short positions after a strong rebound of the price.
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