OANDA:XAUUSD   Gold Spot / U.S. Dollar
With the price falling below 2017 levels, we expect continue the down wave until reaching the other support area at 1985-1979 levels.
Reasons: The price falling below the dynamic and horizontal resistance also 2016 supply zone faced t 0.51 Fibo level. On the daily frame, no positive movement appears in the price behavior. Also, indicators such as RSA - ocsillator also agree with us .. differs scenario if a price go up and broke 2019 level
Make sure you manage your risks
i hope you a good day
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.