Continued volatility is expected this week due to ongoing uncertainty in the broader financial markets.
XAU/USD short-term forecast
Bullishness may push gold closer to 3600.00 if tensions in global markets persist. If bearishness occurs, significant price moves toward 3150.00 may be considered highly plausible.
XAU/USD daily charts review
Bullishness may push gold closer to 3700.00 if tensions in global markets persist. If bearishness occurs, significant price moves toward 3150.00 may be considered highly plausible.Daily Candle Chart
Read More: Technical Analysis
Traders going short
On Tuesday, 27.00 % of volume was in short positions. Traders are going long.
Meanwhile, in the 1000 point range around the latest price, the pending orders were 40% to sell the metal.