ac48

Potential retest at 1915 for XAUUSD

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Strong price rejection again on top trend line. I’m waiting for a retest of 1915 for clarity. A bounce off this trend line looks very bullish putting in a third higher low. I target 1975 then 2014 on the upside.
A break below the trend line with follow through could see further downside to retest daily/ weekly support of the low 1800s.
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.