XAUUSD Analysis: Gold is still bullish until it reaches below 1100. After FED rate decision XAUUSD dropped from ~1160 to almost 1120. It couldn't break 1140 upwards despite the news of China capturing US drone in South China Sea. Still there are no sifficient bullish signs.
After previous week's little retrace I expect GOLD to keep going down. Short from 1138:
-Resistance line
-Fibonacci level
-Last week's important resistance level
Good luck!
After previous week's little retrace I expect GOLD to keep going down. Short from 1138:
-Resistance line
-Fibonacci level
-Last week's important resistance level
Good luck!
