Gold price is testing key resistance of the short-term downtrend 3372 - 3360. Last week this price area was held by sellers. As a result, quotes declined and reached the first selling target around 3310.The price did not reach the second target and is back to resistance (B) 3372 - 3360. If this resistance is broken upwards, the trend will change to an uptrend. In this case, it will be favorable to consider buying with the main target at the upper target zone 3495 - 3473.


Trading decisions on XAUUSD for today:Market Watch.