XAUUSD: This Confluence of Resistance May Be Too Much for Gold Bulls

From dailypriceaction.com

Today I’m going to show you exactly how I’m viewing gold (XAUUSD) as it retests a confluence of resistance from 2022. I’ll also share an update on the USD index, the DXY, as continued dollar strength in November may start to weigh on gold. Gold has had an incredible October, rallying 10% since the October 6th low. However, gold bulls may have met their match with the confluence of resistance just below the $2,000 handle. That’s the intersection of a key horizontal since April and the late 2022 trend line. It’s the same trend line that produced the short opportunities in August that I discussed at length ... (full story)