The Gold price was offered on Wednesday even as the US Dollar fell and bond yeilds climbed. XAU/USD fell from a high of $1,939.57 to a low of $1,919.24.
We have prospects of a downside continuation on the weekly chart.
From a daily perspective, we are moving into testing the lows while on the front side of the bearish trend. The wick could've filled in the coming session and this could be the catalyst for a selling programme into support in and around $1,913.
We have prospects of a downside continuation on the weekly chart.
From a daily perspective, we are moving into testing the lows while on the front side of the bearish trend. The wick could've filled in the coming session and this could be the catalyst for a selling programme into support in and around $1,913.
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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.