Gold: Testing Support 1775

Launch Chart
Alwy Assegaf
XAUUSD
·
Aug 26 2021
snapshot
Gold price still bearish and possibly will test near support at 1775. If broken, further decline is likely to test next support at 1750. The falling trendline pattern on the price and RSI indicator also indicates a bearish pattern. We still maintain short positions at 1790 and stop loss at 1810, with target at 1750.