According to the 1D chart, XAUUSD is in downtrend, let's leave aside potential political & news impact, I expect GOLD will go down to around 1770 area (FIBO 0.5 & MA200). But if GOLD price break the downtrend line & WMA 50 line and stand stably on the downtrend line, it may become a bullish sign. Anyway stay alert with news as the situation now will easily change direction by news especially US presidential election.
Kommentar:
Be Cautious if Biden win. The gold price may turn into bullish.
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