Get started
docibby

Gold - XAUUSD weekly chart break below 200EMA.

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
docibby  
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold XAUUSD GLD gld_spy
3
0
gold xauusd gld gld_spy
If we look at a WEEKLY big picture chart we can see how important this 200EMA has been. Apart from important recent horizontal lows we can see how a pattern of diagonal support/resistance channels has been established. If a retrace back to the initial breakout zone happens..... then even 1128.71 USD would be a possibility.
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.