• Vasily Trader

GOLD (XAUUSD): Waiting For Decision

Gold was very weak this week.

Daily atr is weakening and volatility dropped.

Market participants are waiting for some trigger.

In case if break and close above that on a daily, the price will most likely return to a current local bullish trend and we will see a bullish continuation at least to 1925 supply level .

in case if the trend line is respected, sellers will most likely retest the major horizontal support and will try to breakthrough.

in case of a daily candle close below that, chances will be high that the price will drop.

goal for sellers will be 1800 demand level .

wait for the decision and then follow the market.