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XAU.USD - $1,290 Key Structure Resistance

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Currency Pair: XAU.USD
Time Frame: Monthly, Weekly, Daily & 4hr
Predicted Direction: Short

XAU.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Nota
Price failed to pullback which invalidates a short opportunity.
However i would keep an eye on the $1,200 level over the coming weeks.
Chart PatternshallandcotradingTechnical IndicatorsTrend AnalysisXAUUSD

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