Gold price updated technical trade levels – Daily & Intraday Charts. XAU/USD attempts breakout of 2022 downtrend- short-term construction above monthly open.
- we’ll reserve this threshold as our near-terminvalidation level. A topside breach / close above this pivot zone exposes subsequent topside objectives at the December low and the 38.2% retracement / January low-week close atGold is threatening a breakout of the yearly downtrend early in the month and is now approaching the first major test of resistance.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Gold prices may continue to fall. Traders are more net-long than yesterday but less net-long from last week. The combination of current positioning and recent changes gives us a further mixed Gold trading bias from a
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