XAU/USD Technical Outlook – 25, Jan

The Gold price is on track for a crash should the US dollar bust to life given the placement of the price in the market structure. The US Dollar has been testing the daily trendline resistance as follows:

If this were to break then the Gold price will likely be headed lower, but there is red news scheduled for Thursday so any moves prior to that might be limited and a distribution schematic and higher highs could be more likely in the lead up:

Bullish trendline for Gold price is vulnerable.

A break of Gold price structures is eyed for the days ahead so long as resistance holds. 

A sell-off and capitulation of the Gold price bulls could lead to a significant run towards $1,900. 

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