Gold Price Forecast: XAU/USD bulls need to commit at key trendline support – by fx_ross Gold XAUUSD Commodities DollarIndex SEO
The Gold price 1-hour picture is bearish while below the resistance near $1,825 but not until the Gold price moves to the backside of the micro trend line: for the Gold price, we drew the extensions to the downside based on the presumed sideways consolidation box that had been forming over the prior sessions/days.As illustrated, the Gold price dropped to the targetted area and exceeded it into the $1,784s for a 300% measured move and to where the prior micro trend started off at.
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