Get started
Gold Spot / U.S. Dollar
Short

GOLD (XAU/USD): detailed chart illustration. A nice drop inbound

By Investroy
Now that the price has rejected the declining trend-line illustrated on the graph that nicely aligns with a key resistance level and the 50% Fibonacci retracement level identified on the DAILY timeframe, we are pretty positive about the fact that the bearish moves will continue.

Have a great Tuesday.

Investroy
FibonacciForexforextradingGoldinvestroypriceactionSupport and ResistanceTechnical AnalysisTrend LinesXAUUSD
Investroy

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.