XAU locked between two Red trend line as u can see on chart the blue support area avoid xau from a downfall and now its struggling to break the resistance trend line if look at the RSI with 42 Candle Sequential u can observe that the downtrend is over for a while and price trying to reach higher levels if the red trend line above the price broke and price stabilize its self on it, its a good opportunity to buy XAU against USD
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.