FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello traders ,what do you think about GOLD?In the daily chart of gold, the structure of the market is sideways and the price fluctuates in a downward trending channel and is currently at the ceiling of the downward channel.  On the last trading day of last week,gold broke the resistance of 2035, but the volume of transactions decreased compared to the previous days, therefore, considering the volume of transactions, an increase in demand for gold is far from expected.
Considering the above and price hitting the ceiling of the channel, there is a possibility of a downward reaction.
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from 2050 to 2055 is a suitable zone for sell
PCE data is released today. which can be the driving force of gold.
Trade active
More than 100 pips in profit from the activated point



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