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XAUUSD H8 | Important Movement

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#XAU/USD# XAUUSD H8 | Important Movement

- Technical factors are also boosting gold prices on Tuesday with the market attempting to breakout to the upside of a three-day range. The level controlling the direction of the market today is 1889.70. Overtaking this level with conviction could trigger a surge into at least 1917. 40 .
- Ahead of tonight’s debate, expectations are that an increase in Trump’s perceived chances to win the election will likely boost the U.S. Dollar, which would then weigh on dollar-denominated gold .

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XAU/USD retreated from a previous strong support breakpoint, now turned support, and now seems vulnerable to slide further.
The precious metal retreated from the $1,900 price levels at Asia’s trading session on Wednesday.

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