FX.co ★ king.zelda | XAU/USD, GOLD

GOLD / Gold / XAUUSD. Let's consider the gold chart for the nearest perspective, what to expect from the precious metal. Lately, namely yesterday, buyer activity literally faded near the resistance at 4344.00, today we have the same situation and with the current price at 4345.00 bears may push the metal southward. I don't even expect the growth itself or its overcoming, nor do I really hope for it, especially since the strong dollar will weigh on the gold pair, indicating one thing - a cheap metal in the near future. Therefore, from the current price of 4343.00, one can try selling with a retest of yesterday's lows - 4268.00 and below. In any case, the bears are strongly inclined to not give up their positions to the bulls, in this case, the stop can be placed at the level of 4350.00, 6 bucks in height. One thing I know for sure is that such a small pullback will lead to a decline, but whether this is true - we will see in the near future.