XAUUSD: Sideway movement, waiting for decision

225
The price of gold has been moving sideways for the past couple of weeks. We can pay close attention to the support level right now. If the support is being breached, we can expect the price to go much lower to test the 1870-1880. Of course, it can still bounce from there. Currently, my bias is to the downside.

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.