Golds trendline is being tested - #gold $gold #xauusd $xauusd
As we speak, the gold market has made a new overnight low by breaking the lows establish yesterday at 1940. However, this breakout is meet with resitance as buyers are piling back into gold to defend the 1940 zone. If buyers are successful in defending this level than we will likely see gold trading back towards the 1950 and 1960 levels. If we buyers are not successful than the next logical area of support can be found at the POC zone between 1925 and 1935.
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