FriesianFX

XAUUSD Gold daily breakdown

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
1939.385 will be a key level for Gold to close below on the daily, failing that, the level would have been retested and we can expect price to continue going up.

Bearing in mind this is still an area of indecision, however with the volume we've had on the daily candle for it to come down by $30 there is a high chance bears will have control and continue with price going down.

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.