traderpulse

XAU/USD Price action analysis

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The bullion metal has currently broken its support zone.
We expect the counter to bounce and retest its broken support.
Hence, it is a good price point to initiate short positions.

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.