p4917

Short-term indecision in Gold (XAUUSD)

TVC:GOLD   CFDs on Gold (US$ / OZ)
As you can see I would determine the short-term direction in Gold on the basis of the support/resistance area between 1755.50 and 1751.50 (roughly estimated).

As long as the price quotes under this area it's more likely that the recent swing low at 1680 USD is getting tested again.

In the opposite case if Gold manages to overcome this resistance zone it's likely that the price reaches the area between 1792 and 1832 USD.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.