XAU/USD – Gold Finally Reach Daily Support Trend LIne

“Gold has finally reached support at the daily trend line. The support 1 price level and trend line are attempting to keep the price above. If the price breaks those support levels and continues in a downtrend, the next support level is at Support 2 (as shown on the chart above). If the price rejects and you are looking for a buying position, the first target would be resistance. We are bearish!”