ForexTrendline

What do we expect from GOLD?

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
We stick to the same idea on GOLD.
Even looking at the H4 timeframe you can see price holding in the last few days, which looks like a retracement and we could see one last push up.
We will be looking for reversal signals around the 1800 zone.

Another way is to see a breakout of 1770 and price directly going down to 1700. In this case, we would be looking for a re-test of current support.

Which one of those two will happen, we shall see next.
You can find out what are the possible entries and setups in our daily analysis.

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