How's it going Tradingview. Today i bring to you my technical analysis of the XAUUSD. At about 9.30am 10.0am Est there was a break in structure from 1204.20 -0.66% Landing around 1196.50. Support picked up price action retracing .29% With this analysis being made H1-H4 shows a bearish overall declination. I believe the remainder of 1/19/2017 will be spent consolidating. Or slow creep until otherwise.
Trumps Inauguration will be Friday. Previous resources show a weak USD around President Elect Trump. Speeches. Considering this news information for a decision, keep a sharp look out for the markets action.