Gold - XAU/USD - A different Perspective - A Bearish Perspective
If the strength of the US10yr holds up, Gold could just head lower. MA's Crossing on the Weekly, Weekly Bollinger Bands are squeezing, Rejected Multiple times at the 1830 Level. If the Bearish Fib of the most recent move down is respected, we are going down to 1510-1530. Looks Like a very clear and clean rejection off the 618 FIB @ 1830...It's 1530 or 1930... A Weekly close below 1680 level would confirm further Downside, A break above 1830 level would confirm upside. End of Last week Price was Rejected at the 1800 Level, ending the week on a bearish note.
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