XAUUSD Bullish Scenario Hinges on 1920

From dailypriceaction.com

Gold, or XAUUSD in this case, is trying to negate a recent breakdown. I’ve mentioned the 1900 area several times in recent forecast videos. The reason for that is that 1900 was gold’s previous all-time high. You can also see where XAUUSD caught a bid around 1900 in August and September. However, the September 23rd close put the pair below that key level. But as I’ve cautioned over the last few weeks, any weakness from gold is likely to be short-lived. The uptrend that began in 2016 is intact, as is the multi-decade series of higher highs and higher lows. That said, buyers still have some work to do. First, ... (full story)