Gold falling into a trendline - #xauusd #gold

2022년 4월 20일

After reversing from the 2k handle, gold continues to fall further, landing at a trendline. As of now, we are seeing a bounce from this trendline, however, there is a POC underneath it and gold will likely try to get back into that zone around 1925-1935 if the trendline does not hold. As the risk sentiment in the market turns positive, the probability of a further selloff in the market increases and so we will need to monitor the NA trading session to see if the trendline holds or folds.