Potential XAUUSD Movement: Overall Movement
This is the "BIGGER PICTURE".
Gold has already achieved three touches on the resistance trendline.
Now, I presume it has to accomplish a third touch on the support trendline.
It won't head there in a straight manner however with the two upcoming events, JOLTS & NFP.
Perhaps the volatility will be enough push this market to the downside.
Gold has already achieved three touches on the resistance trendline.
Now, I presume it has to accomplish a third touch on the support trendline.
It won't head there in a straight manner however with the two upcoming events, JOLTS & NFP.
Perhaps the volatility will be enough push this market to the downside.
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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.