GOLD should bounce off support trend line

Long

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)

FX_IDC:XAUUSD Gold Spot / U.S. Dollar

GOLD sold off heavily recently but has found support (see chart)
Im expecting a bounce in the price of gold and it should retest the resistance line circa $1300

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.