XAUUSDXAUUSD is now rising while the DXY also rises so its all relative
Spot gold is above its long-term horizontal resistance of about 1733
and well below the resistance at 1807. It is below the mid-Fibonacci
levels on the retracement of the downtrend and below the POC
of the volume profile.
Overall, it looks like spot gold could rise to 1760-1775 before
getting to any speed bumps.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.