Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1703.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . XAUUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 28.
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vittorio_forex
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Good chart 👌, but I stick to my strategy and I am long on gold.
From a technical point of view your analysis may seem right , but the fundamentals are pretty clear , the situation in the US is only going to get worse .
Tension with CHINA
Riots and looting
Trump's behaviour
Corona virus
Gold is the most volatile pair ever, so it can swing one way or the other but long term I think that in the next months we will definitely see a spike upwards near or above 1800