XAUUSD: Gold’s Future Direction Hinges on $2,350

From dailypriceaction.com

XAUUSD (gold) started its pullback this week, but is it over or does the metal have lower to go? Today’s video sheds light on what could be next for XAUUSD, including an update on my short position, key levels to watch, and targets. I also share the latest on the USD index (DXY), and how that could affect gold. Gold finally started its pullback on Monday, something we haven’t seen for weeks and even months. We’ve seen shallow pullbacks from the metal, but it has remained well-bid since February. Monday’s selloff felt different due to the lack of a bid into the daily close. It was also different in the sense ... (full story)