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  • Vasily Trader

GOLD (XAUUSD) Indecision & Intraday Outlook



hey traders,


Gold is currently stuck within a contracting trading range.

The price sets lower highs and higher lows forming a classic symmetrical triangle.


For intraday trading, I would consider breakouts.


In case of a bullish violation of a falling trend line ,

I will expect a continuation to 1750 resistance.


In case of a bearish violation of a rising trend line ,

I will expect a drop to 1720 support.


I remain bearish biased but let's wait for the big players' decision.

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