Gold price today's downward trend has not stopped
Hello dear traders. Are you wondering how the XAUUSD price is trading today? Looking at the technical picture of XAUUSD on the 4-hour chart we can see that today's gold price fluctuates around 1910 with a short-term decline expected.
_ Given that the trend line remains intact as a rule we must stick to the script and aim lower. That means we will execute that plan. If we clearly see a strong rejection near that trendline. If that happens, gold will likely reach a low of $1,888, which could invite more sellers into the game.
_ Given that the trend line remains intact as a rule we must stick to the script and aim lower. That means we will execute that plan. If we clearly see a strong rejection near that trendline. If that happens, gold will likely reach a low of $1,888, which could invite more sellers into the game.
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