GOLD (XAUUSD): Technical Analysis Ahead of Trump

470
snapshot

One of the important news for today is Trump speech during
the late New York session.

Here is my brief technical outlook for Gold ahead of that.

As we discussed on the yesterday's live stream, the price
is now coiling on a recently broken rising trend line that serves
as a vertical resistance now.

A bullish breakout of that and a daily candle close above
will provide a strong bullish confirmation and push the prices to 3430.

Alternatively, very bearish news today may trigger a retracement
to an underlined horizontal support.

Let's see how the market is going to react tonight.

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