XAUUSD will retest lower support level of 1915.

XAU is in a current downtrend between 1970 and 1930. We have strong support at the 1930 level; however, after a short retracement to 1946, we return to 1935. The mid-parallel trend line acts as strong support. If broken in 1939, it may continue to rise till 195X. We will keep monitoring the retest at the mid-trend. Otherwise, a bearish push below 1930 will see 1915 retested and the psychological support level of 1900.

It's 1939 or 1930, which ever breaks first.

I believe XAU will retest lower levels.

Comment:

final retest of the 1930 level, saw gold being rejected to the upside. Once we touch 1939, we either break to the 1945-1950 or head back down to 1930 and push lower low

Comment:

Broken important support that is now resistance. Small retrace and further down to 1920

Comment:

Retrace to 1930 complete, now final push to low 1920's

Comment:

Potentially one last push to 1930 resistance before smashing through 1925 and first support at 1916-1920, this would be a good buying level.

Comment:

As predicted, Gold has touched resistance of 1931 and now on the way back down to low 1915-1920's

Comment:

Smashed through 1920 and made it to 1915. Closing short trade and opening retest longs in the area of 1912-1914