OANDA:XAUUSD   Gold Spot / U.S. Dollar
So we have come back down to that all important supporting trend. Will we break it this time or once again bounce off it. Personally do not see this breaking the support quite yet. My thinking is that we have some bearish divergence on the US10 yields, which is also approaching a strong level of resistance and has a high RSI of about 75 on the hourly. Also the DXY is approaching a a resisting trending which I hope will send the $ bearish. This gives me enough to try a long from here with my standard 1:3 RR
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.