As mentioned in the past, my long-term bias for XAU is bearish.
Price just broke and retested a major structure trendline so I'm expecting it sell off with a TP @ or near 1904.8.
Keep an out eye near the foundation level (red) because price may consolidate there before dropping to hit our TP.
Price just broke and retested a major structure trendline so I'm expecting it sell off with a TP @ or near 1904.8.
Keep an out eye near the foundation level (red) because price may consolidate there before dropping to hit our TP.
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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.