On Monday Gold dropped under channel's trend line support, just to find bids at 1840 support.
In short term the outlook is unclear. However, in the medium-term the yellow metal remains bullish and swing traders can look for buying opportunities at the mentioned 1840 support.
The next very important support is 1800 and only a drop under this zone would put XauUsd in a bearish mode.
In short term the outlook is unclear. However, in the medium-term the yellow metal remains bullish and swing traders can look for buying opportunities at the mentioned 1840 support.
The next very important support is 1800 and only a drop under this zone would put XauUsd in a bearish mode.
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