XAUUSD - No more buyers?

21 ביולי 2019

Since the buyer wave of the 19th of July, gold appeared to be on an unstoppable bullish run; trendlines couldn't hold and strong resistance levels became support levels. Here is an indication of how gold may behave in the upcoming week. After the long bullish run, the buyers are exhausted, which indicates that gold could fall back to the 1404.00 support level (after a couple of trendline retests). Happy trading!