It's always good to look at XAU/USD from the long term perspective The market has been bearish for the most part of this year till we saw a bullish correction this November We are likely to see price continue bullish after a short term correction in early January nonetheless we may see price change in trend if major support on the weekly is broken.
Let's keep an eye on the candlesticks to obtain more certainty in taking our trades on the short term.
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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.