A potential gold breakdown several times in recent weeks, with the March 21st trend line being the trigger for a short.

XAUUSD closed below that trend line on May 16th.

Gold has since closed below $1,960, which served as support for a few days but failed on Thursday.

Friday retested the level as new resistance, so that will be one to watch next week, as any sustained break above opens up $1,980.

We also have a trend line from early November to keep an eye on near $1,935.

That’s a massive support for bulls as a failure there opens up levels like $1,920, $1,885, and potentially lower.
Trend Analysis

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