XAUUSD - $1970 Now Heavy Resistance

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

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

elliottwaves xauusd gold safehaven digitalsurf

Seemingly in a huge, extended diagonal wave, Gold's current price action has given me indication that it should face heavy resistance near the range of $1970 during next week's trading period. My expectation remains that Gold will descend below $1800 in the weeks/months ahead before finding support and reaching for a new ATH. This asset will continue to be monitored via the Digital Surf Trading Community.

Surf well.

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