Gold Spot / U.S. Dollar
Updated

XAU/USD (Gold) Post Election Moves Explained

279
USD favour gave way to precious metal falls, mainly from Gold.

Gold has been routinely resilient and is rebounding from early support.

Would not be shocked if we re-rise back to keep resistance as labelled. New shorts may be ideal there/at highs. No real heavy shorts.

Kill Longs at the same area.
Trade active
Would also not be surprised if we dip under local low on weak demand.

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.