XAUUSD might drop if Risk Appetite improves
Current price action indicates that XAUUSD might drop soon. However, everything depends on risk appetite in the market.
If you see that the global equity markets are moving up that will be a nice signal to sell Gold for the short-term at least.
If you see that the global equity markets are moving up that will be a nice signal to sell Gold for the short-term at least.
Note
As I mentioned yesterday, improvement in global risk appetite has pushed Gold lower.
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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.