XAUUSD Short Term Short, Long term Long
Gold has started declining after failing to break 1300 barrier once again (despite the weak US Dollar). Green support line broken so expecting XAUUSD to fall in the short term.
In the long run, however, given Trump's unpredictable foreign policy and the tension with North Korea and Syria, Gold should be in the uptrend. Two possible reversal points in my opinion, shown on the graph (Fib Levels along with red trend lines).
In the long run, however, given Trump's unpredictable foreign policy and the tension with North Korea and Syria, Gold should be in the uptrend. Two possible reversal points in my opinion, shown on the graph (Fib Levels along with red trend lines).
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