Seems GC1! failed to break above the resistance and a trendline following the FED meeting on Wednesday. I expect gold to test the support at 1900 or the trendline. It is important to note that the price is still ranging. Despite a retracement by the DXY after the news, GC1! has maintained a neutral tone
Following DXY strength from the Equity markets weakness this week, XAUUSD also had a break through to the downside ramming through several levels of support. After touching the first TP, I feel that the price should retrace to the $1900 zone - which was a 💪 Support level for over 3 weeks - before dropping further to $1830 (a consensus target by many top analysts around the world), or could drop further to $1800 with $1600 being a possibility.