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CitRoN_RouGe

Gold - Decision point for medium-term trend

Gold Spot / U.S. Dollar (FX:XAUUSD)  
CitRoN_RouGe Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Gold
24
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trendanalysis gold
Technically, pricing is at a critical point before a sharp price_action (maybe to continue for a couple of weeks).
As expected, EMA50 is acting as a support at 1295 level. I am watching EMA10-EMA25 cross for confirmation of direction.

Speeches of FED members this week shall be followed, together with US GDP data to be released on Thursday.
Comment:
EMA10 crossed EMA25 on daily chart, which favors downward price action. Still to be watched for confirmation of direction.
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