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XAUUSD pullback to $1640

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Emas Semerta / Dolar A.S. (FOREXCOM:XAUUSD)  
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FOREXCOM:XAUUSD   Emas Semerta / Dolar A.S.
Trend Analysis Fundamental Analysis Beyond Technical Analysis goldidea goldtrading XAUUSD trendanalyisis Supply Zone supply_and_demand goldsignals forexsignals
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trendanalysis fundamental beyondta goldidea goldtrading xauusd trendanalyisis supplyzone supply_and_demand goldsignals forexsignals
Gold price retraces up to after a brief jump from the monthly low $1622, as it dropped during early Thursday morning in Europe. Covid updates from China offered intermediate bounce for XAUUSD. A recovery needs validation from a two-week-long resistance line, close to $1643 to get short-term buyers. One week-old descending trend line offers immediate support near $1618. We expect Gold to retrace up to $1640 before further movement to the downside.
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