Get started
Thebe101

XAUUSD possible LONG move to the 1300 zone

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
Thebe101  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Trend Lines
2
0
supportandresistance trendline
Gold has been trading above the bullish trend line for most of the last 3 years or so and it has been staying clear of the support at 1240.
With that, could we see XAU trade towards the 1300 zone again? more so with the the possible bearish move of the DXY index.
Any thoughts?
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.