XAUUSD
1131
The confusing yellow metal !
as long as the market as shown below the mid-term down trend as we highlighted it , it means the downside risk is over there and can not be ignored , despite , we see higher probability on the upward movement.
We are waiting the market to re-test the 1150s levels ( The Trend-Line ) ; or generating a more bars to be at least clearer than the current information which we have on the chart.
All in All , as we see on the chart as market is trading below than 1114s we will see , more down move to 1105/1080s levels , as long as the market higher than that levels , so at least a re-test for 1150s is expected.
| Support | Resistence | |
| Level 1 | 1125 | 1142 |
| Level 2 | 1118 | 1158 |
| Level 3 | 1105 | 1168 |
