Gold (XAU) Key news events today No major news events. What c | IC Markets

Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
Gold broke out of the previous consolidation with significantly choppy price action as the price spiked down to 1819 and retraced sharply. However, as the DXY continued to strengthen, this has led Gold to break below the key support level of 1820 and is likely to signal further downside pressures. Look for the price to break below 1819.50 price level before Gold could trade down the 1800 round number support level.
Next 24 Hours Bias
Medium Bearish