GOLD (XAUUSD) Important Decision Ahead

25 Okt 2020

hey traders,

gold is stuck within an important decision zone.
the price is currently trading below a major falling trend line and key horizontal structure resistance.
at the same time, a minor rising trend line serves as the resort for buyers right now.

the range between them becomes shorter and shorter.
we need to wait for a daily violation of that zone to clarify the future direction of the market.

I remain bearish biased because of the current local bearish trend on a daily t.f + lower high formation.
however, everything can happen so I prefer to wait.