Gold (XAU) Key news events today No major news events. Wha | Smart Forex Lab.
Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
Gold continues to trade with significant volatility as price broke strongly to the downside to test the 1630 round number support level. However, the move lower was quickly reversed as price rebounded to the 1640 resistance area. Look for the price to consolidate at the 1640 price level before a potential move towards the downside again. Moves to the downside would be highly dependent on the volatility of the DXY.
