Gold met with a fresh supply near the $1670 during the market opening and fell to $1650. Currently trading near $1650. It is still bearish below $1680.
The $1643 area seems to protect the immediate downside for the commodity. This is followed by the $1620 level and the yearly low, around the $1617. We are looking to sell gold as long as it is below $1670 zone. XAUUSD may test $1640 and lower if broken.
The $1643 area seems to protect the immediate downside for the commodity. This is followed by the $1620 level and the yearly low, around the $1617. We are looking to sell gold as long as it is below $1670 zone. XAUUSD may test $1640 and lower if broken.
Comment:
Gold is running well in profit and you may book partials.