XAUUSD: Short Term Outlook
With rising geopolitical tensions between "Trade Wars" and tension between Iran and US, this should be enough to support Gold Prices...
Seeming to be indecisive after reaching $1,3000 mark dropping to current $1286.825 - this could be in part of upbeat comments with US and China - and with Greenback holding a strong position it seems like Gold isn't ready for a rally.
I'm looking for a retrace to 1291.500 TP before watching for market confirmation or failure of break.
*Not Professional Advice - Would love to hear your view!
- Krecioch
Seeming to be indecisive after reaching $1,3000 mark dropping to current $1286.825 - this could be in part of upbeat comments with US and China - and with Greenback holding a strong position it seems like Gold isn't ready for a rally.
I'm looking for a retrace to 1291.500 TP before watching for market confirmation or failure of break.
*Not Professional Advice - Would love to hear your view!
- Krecioch
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.