XAUUSD quick technical analysis

29 ก.ย. 2020

Gold against US dollar price took some decent support near 100 day EMA and bounced back hovering around 1900$ level. However, Gold prices are still trading below 50 Day EMA. I believe Gold prices may come down in coming sessions to find a strong bottom for long term uptrend. For short term im somehow bearish for this pair but not conviced to short this pair so i suggest to stay neutral for a while until we get a nice entry point for long term trades. Good luck everyone and trade small lot sizes as market may become high volatile.