UnknownUnicorn550984

UnknownUnicorn550984 Updated 

Given the resilience OANDA:XAUUSD has shown around the $1250 level it seems that it may have reached a short-term bottom that also matches up nicely to the bullish channel shown here. This suggests to me a retest of the long-term resistance trendline slightly above the $1300 level in the coming month. Uncertainty from the US elections should be supportive of...

UnknownUnicorn550984 Updated 

Gold has been trading inversely to the USDJPY. USDJPY retested the 100 level and that's proven to be major support. A small recovery in the Yen will send Gold back to the 2016 support trend at $1320