Gold is still trading within a wide horizontal trading range on a daily.
1765 is its low and 1965 is its high.
Based on a current price action I see two potential scenarios:
1 - The price may respect the drop to support of the range and continue trading within the underlined boundaries consolidating
2 - The price may...
Will the ascending trendline to the upside hold or will we see a break below? It's very hard to tell especially with the indecision on the DXY but I will certainly be monitoring this pair.
