Gold XAUUSD Chart Technical Outlook Gold posted net losses but with all price action within Monday’s range. This highlights a degree of indecision. We are regarded as being within a negative cycle.
The one-hour chart highlights a Crab formation. This pattern will be completed at $2,330. Prime resistance is located at $2,409. A break of the overnight swing low at $2,378 would indicate that the move lower is already underway.
Sell Limit Order:2,409
SL: $2,421
TP1: $2,331
