Truthfully, I believe XAUUSD is currently consolidated (moving sideways). However, I noticed that it was once in a very short bullish trend and has broken out of such a trend. I believe that gold is going to continue on its bearish reversal. The dotted line where I have my target is where I think gold will aim toward or bounce back. This all short term.
Kommentera:
Its also very freshly below my 50MA.