Now or never for XAU/USD
After staying within the trendlines of the falling wedge, we are reaching Important support areas. 1900 and 1885 are 2 areas of psychological support and historical pivot points, 1985 being the lowest point since June 29th.
Here we can either expect a clean reversal and push up off the 1900 support and back to retest areas of 1920-1930 or continue downwards to test the final 1982 support area. Watch these areas closely. Getting in the right time is vital to benefit the longer trend.
A falling wedge and support areas add pressure on the price action. The news these next few days should solidify a good area of momentum in either direction.
My bias is bearish; however, we shall watch closely.
It's now or never.
Here we can either expect a clean reversal and push up off the 1900 support and back to retest areas of 1920-1930 or continue downwards to test the final 1982 support area. Watch these areas closely. Getting in the right time is vital to benefit the longer trend.
A falling wedge and support areas add pressure on the price action. The news these next few days should solidify a good area of momentum in either direction.
My bias is bearish; however, we shall watch closely.
It's now or never.
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