XAUUSD Breakdown – Key Levels to Watch This Week

From dailypriceaction.com

Gold broke down this week, as discussed in the recent weekly forecast. But is now the time to buy, or does XAUUSD have lower to go? Get all of the details in today’s video. Gold is breaking down this week after failing to hold the $2,700 support. I mentioned this breakdown in the last Weekly Forex Forecast, highlighting $2,600 as the next target. XAUUSD hit that $2,600 target on Tuesday, closing below a confluence of support just above it. This move flipped $2,615 to new resistance, which gold tested yesterday. As long as XAUUSD stays below the $2,615 region on the higher time frames, I’m looking for gold to ... (full story)