XAUUSD outlook
Gold broke down out of the ascending channel today and failed to push above 1833.
The chart is looking bearish now however there is still a strong possibility of price reaching for 1838-1852 as highlighted in our previous posts.
1810 Zone is now key, price needs to push above 1810 if Gold is to resume its bullish move.
Drop and close below 1875 will open up 1680.
Watch out for price action around 1810 zone.
The chart is looking bearish now however there is still a strong possibility of price reaching for 1838-1852 as highlighted in our previous posts.
1810 Zone is now key, price needs to push above 1810 if Gold is to resume its bullish move.
Drop and close below 1875 will open up 1680.
Watch out for price action around 1810 zone.
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