XAUUSD: Gold Bulls May Need to Regroup in 2024

From dailypriceaction.com

Will XAUUSD (gold) give us a pullback to start the new year? Or will bulls finally break macro resistance? Today’s analysis has all the answers, including a level that could offer an opportunity this week! XAUUSD is trading just below its $2,075 macro resistance after a failed breakout at the end of 2023. The December 4th candle was an all-time high for gold, but bulls could not hold the metal above the $2,075 multi-year highs. Given the significance of resistance and the recent failed attempt, a pullback may be necessary for bulls to regroup. However, the October 6th trend line may be the deciding factor, at least ... (full story)