Xau WeeklyGoldOANDA:XAUUSDIfeOlaI would be looking towards long term sells this week. Xau is at a place where it looks so much like buys are beginning to form on the higher time frames, it looks like the market is oversold but do not be fooled with the daily, weekly and monthly time frames. Last week Xau closed at 4052 and reached a weekly low of 3997 and a high of 4116-4121 areas. I have a long term sell bias unless something happens to weaken the US dollar but that seems most unlikely, if you have a different perception pls state it in the comments. The market has closed at 4045 and I wonder how the market would decide to open this week, if it opens in a sell drop then we would be looking for buys during the start of the start of the Tokyo sessions at 1:30am nigeran time, buy be careful and don't get comfortable with buys for the week cos every buy to higher highs is to get into sell positions rather than creating more buy positions in hopes of a trend continuation. Buys could start from 4015 to 3965 areas and could move upwards to 4075 to 4125 areas where long-term sell positions should be established. If the market opens in a buy push, we could be heading straight into a massive sell from wherever the market pushes its entry to at open, down towards 3980-3800 areas as the week progresses and when market breaks below 3975 it could be a sell continuation confirmation making 3975 a new long-term resistance area if the sell continues for the rest of the year to 3500-2500 areas. This is both for swing traders and scalpers. this is a weekly analysis with Monday in sight; market conditions update daily. What do you think about my opinion on Xau this week?