DragonCaptain

GOLD TRADING IDEA - ANALYSIS

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold held the support level at the 1800 level. Found good demand to reach 1840 range. Gold remains within a familiar trading range, lacking a clear directional bias, as indicated by Wednesday's Doji candle. However, the risks remain skewed to the downside, with the $1800 level still in danger. The selling momentum could accelerate on a break below the 200-daily moving average (DMA) at $1798, opening floors towards the May 18 high of $1765.
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