XAU/USD Spot Gold price forecast : key prices are 1941.70 and 1962.17
Even though they brokeout the downward trend line since the high on August 7, They are still under downward pressure. In other words, it seems that their correction is not yet complete.
When they secure the 1962.17 level, it will be a sign of rising again. It'll take time. Perhaps, they may keep us waiting until mid-December of the year. For the time being, it would be better to trade from a short-term perspective. Short-term peak is likely to appear next week or the week after next.
[XAU/USD Spot gold daily chart]
