GOLD XAUUSD Chart Technical Outlook has scope for another lower leg, the pivot $2,300 in sight
Gold’s recent bias is bearish. It printed a top in mid-April and corrected lower, developing a regular flat structure. There is room for more losses to complete the last leg. Prices trade in the fourth wave of wave Y. A barrier is at $2,330, and rallies should be capped by the confluence resistance at $2,360. Supports are located at $2,310 and $2,290.
