XAUUSD IDEA

There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar, which is generally favorable for gold, which may soon return to the bullish trend phase (locally)
Resistance levels: 2420, 2429, 2450
Support levels: trend, 2402, 2390
Technically, the price may continue the correction to trend support, but due to the pool of liquidity in the area where the price may land within the correction, gold may get a reaction in the form of a bounce to the nearest resistance