Get started
LimitMarkets

XAUUSD GOLD

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
LimitMarkets  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
4
3
trendanalysis chartpattern waveanalysis
The price of gold chose to retrace into the frames of the downtrend. In this situation, first, it will test the previous bottom at 1284 level. If it breaks that level, it will decline further, to the bottom band of the formation in the vicinity of 1265 level.

Good luck!
LimitFX
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.