Traders! Gold has been the center of attention since the beginning of this week and rightfully so. After July 2020’s high, we see a clear bearish trend with two major resistance levels: 1958. XAUUSD has been at it’s lowest since at 1678 which happend this month, March 8th. XAUUSD broke the support line of 1700 and therefore is expected to drop one more time towards 1678 to test the support line only to bullish again.
What do you guys think? Let’s discuss!
What do you guys think? Let’s discuss!