GOLD (XAUUSD) Indecision & Intraday Outlook
Updated
hey traders,
Gold is currently stuck within a contracting trading range.
The price sets lower highs and higher lows forming a classic symmetrical triangle.
For intraday trading, I would consider breakouts.
In case of a bullish violation of a falling trend line,
I will expect a continuation to 1750 resistance.
In case of a bearish violation of a rising trend line,
I will expect a drop to 1720 support.
I remain bearish biased but let's wait for the big players' decision.
Note
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