XAU/USD has been going sideways for a few days now. Even after Yellen's speech which saw USD/JPY break the 104 barrier, did not have a major effect on XAU/USD.
What does this mean ? XAU/USD found support at 1273 - 1275 which proved to be strong enough to stop the downward spiral.
As can be seen from the D1 timeframe, this pair has bottomed out and are ready to go back up. Resistance / TP to be found at 1288, 1295 and 1302.
What does this mean ? XAU/USD found support at 1273 - 1275 which proved to be strong enough to stop the downward spiral.
As can be seen from the D1 timeframe, this pair has bottomed out and are ready to go back up. Resistance / TP to be found at 1288, 1295 and 1302.