Gold short term bearish, Long term bullish, right now - Neutral
I can see some short term bearishness in
XAUUSD
for the next few weeks.
A breakdown of the support @ 1910/1900 could result in a test of MAJOR SUPPORT @ 1830.
This leaves us between a nice range of strong support and resistance. Could easily end up playing out as a H&S or a Cup & Handle.
We would need to see Risk on Assets come down again to rebreak through what would then be string resistance around 1910.
Boom,
@theRaggy
XAUUSD
for the next few weeks. A breakdown of the support @ 1910/1900 could result in a test of MAJOR SUPPORT @ 1830.
This leaves us between a nice range of strong support and resistance. Could easily end up playing out as a H&S or a Cup & Handle.
We would need to see Risk on Assets come down again to rebreak through what would then be string resistance around 1910.
Boom,
@theRaggy