XAU/USD Price drop! Theres seems to be some resistance
Today Gold is up! and making some stride but there been this somewhat of a resistance with I think is a great opportunity to make some profits. Price keeps going up & down around the 2380.00 price, which I have identified as a resistance. And I believe that it's going to go in a bearish trajectory. Right now, XAU/USD price are in a comfortable over bought area, so in my opinion it's just a matter of time for a dip that will correct the trend & price range, and it's not until around November when the FEDS and probably cut the interest rates downs and that would get gold price going very bullish and making a significant increase in its price.
Note
This is my first publish The Cart is wrong and not the one I have analysis. Sorry guys!
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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.