XAUUSD Potential Short Opportunity Below This Level

From dailypriceaction.com

On April 15th, I wrote about a fakeout from XAUUSD that could send it lower. The breakdown from that August trend line has held, but gold hasn’t really done much since then either. However, that might be about to change. Gold is testing the March 21st trend line that has been incredibly significant for the last few weeks. A sustained break below this level on the higher time frames would open up the confluence of support at $1,920. But, as always, it’s imperative to wait for a confirmed breakdown. For now, XAUUSD is holding above the trend line, so there is no confirmed short just yet. Furthermore, don’t ... (full story)