XAU/USD – Gold Find Support at Previous Day Low

This is a quick overview of XAU/USD. Gold is currently sitting at the previous day’s low. From this price level, if the price closes below support and confirms a trend continuation, the second support is on the daily trendline. Please check the chart below for more details.

If you are looking to buy, you should consider the trendline resistance (shown in the first image) as the initial target for closing profit.