XAU/USD – The Price of GOLD Has Been Stagnant at The Same Level For a Few Days.

If you are looking for short-term setups, the picture above shows GOLD on the H4 time frame. The price is between the trendline and support. This is a perfect opportunity for both bulls and bears. The first resistance for bulls is the trendline resistance, and for bears, it is the support. The price will probably try to break resistance very soon.

For a bigger picture, check the daily chart below. As you can see, the bulls are already in action. Make sure that you are following the economic calendar.