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XAUUSD outlook

175
In our previous post, we highlighted that the 1780 zone is likely to act as support and the break below will strengthen the bearish outlook.
We all highlighted 1808 and 1821 levels to the upside.

Price has been rangebound and found support at 1780 and now tested 1808.

For Gold to choose a direction we either need a break below 1780 or above 1833, until then we can expect range-bound price action.

We are expecting Gold to test 1821, 1833 and possibly 1852 in the coming weeks. The bullish outlook will be negated if we break below 1780.

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