XAUUSD

Apr 24, 2019

We might see a correction in the recent bearish bias of Gold, and could potentially see it drop to the lows of 1250. However, the subsequent drop would depend on whether this pair respects or breaks the dynamic S/R around 1296. For now, let's focus on how deep a correction this pair makes, with our first target being around the level of $1285 an ounce. What would invalidate this idea is that if we see a clear break of 1268.