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XAUUSD - Time to cool off?
Gold Spot / U.S. Dollar
Short
XAUUSD - Time to cool off?
By tomstewy
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Oct 19, 2021
5
Oct 19, 2021
XAUUSD has enjoyed trading above the 1700 figure for a considerable amount of time. I anticipate price will move back into the 1500's.
Price has similar price action.
The daily moving averages remain in a bearish cross.
Commercial shorts on gold futures are aimed to weigh the precious metal down, as manufacturers look for cheaper gold prices.
Chart Patterns
Fundamental Analysis
Gold
goldanalysis
goldanalysisi
goldtrading
Trend Analysis
USD
XAU
xaugbp
XAUUSD
tomstewy
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