Sentiment : 1600 1577
The gold is currently making a pullback on the resistance at 1550 points. The pair continues below the lower band of its medium term bearish channel (purple lines). Indicators stay globaly bearish. We maintain to trade only short positions as far as 1577 points is resistance. The breakout of 1520 will both a new sell signal and open the way towards 1500 points. In case of return above 1577 points, we will wait the breakout of 1600 to advise long positions.
Chart of the pair XAU/USD (Gold)- Timeframe 4H - Zoom in :
Chart of the pair XAU/USD (Gold)- Timeframe 4H - Zoom out:
XAU/USD (Gold) Live Chart - Timeframe : 1h