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Gold sitting right at a interesting level
Been watching $XAUUSD for a bit now, and it's right at that $2030 area, which has acted as pretty strong support/resistance multiple times on the daily chart. If it can hold above there, I'd expect it to try for $2045 again, but a clear break below could see it testing $2015 rather quickly. The $USDX hovering around 25.49 isn't giving it much direction either, so it feels like a decision point is coming.
1 comments · 18 points
Good call on $XAUUSD at $2030. The $USDX indecision really makes it tricky to predict short-term, but that level definitely feels like a pivot.