Let's take a look at gold today. In general, it is moving in an upward corridor, but there might be a pullback to accumulate. On this chart on the XAU we see the exit of the price from the ascending trading range, its retest and the subsequent decline to the support level. Further declines in the levels are expected.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.