OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold Is On Daily Support If The Price Manage To Hold There's Probabilities Gold Might Pull Back To The 1903 First Level If There Will Be Enough Volume! There's probabilities Gold Might Pull Back To the 1914 Level, Of Which Is The 50% Level Of The Fib. From There There's High Probability That The Price Might Drop! Since The Overall Trend Is Bearish!.

Scenario 2 :

If The First Scenario Doesn't Play Out There's Probabilities Gold Will Break Below The 1884 Support Level To Collect Liquidity And Make The Retracement, Or It Might Just Break And Target The Weekly Support Of 1805.

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.