I think xau/usd is going down to the line of 1680 maybe 1650. But first we have to retest the 1760/80 then we are going to a new low at 1680 after that I think it’s bull time , as you can see if you check the daily /week/monthly time frame we have a strong support line At 1680/1650 . Next week we start a new month so we will be testing the low at 1680/50 and...
we have a strong resistence at 1895 , i think gold are going to try to break the level of 1850 then 1819 and if we break that levels gold are going to the level of 1724 to maybe finally move up again to 200++
But if we break up the level of 1900 , its a bull time , just buy it and be happy , above 1900 its better to wait for confirmation above 1912 to buy...
xauusd can go to the area of 1860 or maybe until 1910 after that i expect it to drop again to test the area of 1650 within few weeks, but if we break up the area of 1910 than xau will rise to the 2008 area to make a double top of the daily chart .
but lets wait first ,and if we break down the area of 1770 than we are going straigt to the area of 1650 and...