XAU/USD Analysis

Here’s an interesting chart I am following on XAU/USD. You can see that it just had a lot of bullish momentum, that broke the support line that was broke last week. Once it retests again for support, I think it will be safe to say that the bulls have taken back control, and shoot for 1325 area. We will wait for confirmation once 4 hour Bearish trend above is broke. What do you guys think about this chart?

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Josh Mondragon

Hello! My name is Josh, I have been trading for 5 years, with the last 3 being in the Forex market. For the past year, I have strictly traded trends. TrendSpider has been a huge game changer for me. Not only am I more confident with my trading, but I now only have to spend half the time on the charts. Teaching people to trade has always been a passion of mine. Thank you for reading.