XAU/USD (GOLD) - Price reached previous major high 1832 and re | Forex.Doc by San Shone

XAU/USD (GOLD) - Price reached previous major high 1832 and reacted to it with strong bearish move. It reached 1811 zone that can act as a support but it is too early to say that price will go up. There is also major support 1793 zone to keep your eyes on.
*Hourly indicators and moving averages are giving us sell signal. Keep on mind that these indicators and moving averages don't predict future moves and many times can give wrong signal.