XAUUSD SELL
We have seen price break the up-trending trendline and respect our previous analysis. Right now price is at a retracement of a downtrend forming lower lows and lower highs, therefore i expect price to retest the support zone that it broke at 1702.213 to then head down long term and break the support zone at 1680.241 to reach it's next target at 1642.272. Worst case scenario is that price may go all the way up to retest the red downtrending trendline to then go back down.
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.