Hi there fellow traders! XAUUSD is looking pretty bearish to me, but what may confirm this is today's Daily close. After bouncing off this (support) trendline 3 times for the past few weeks, price finally managed to break it and has now come back to re-test it. This trendline being so strong may eventually turn into a strong resistance and we may see a low being created. Price also meets with this trendline at a Daily resistance. If price is to decline, my first target is 1180 (may go down further).
Trade closed: stop reached