Technical Analysis Outlook - GOLD - XAU
Sun 06.Jan.2019
Ticker: XAUUSD
LAST= 1,285.15
Gold movement during the last few days showed a Bullish move, with a recent high price seen on Fri 04.Jan.2019 at 1,298.62.
During the next few days the price is expected to go up to 1,303.50.
The Short-Term view is expected to continue to be UP as long as the price is above 1,283.73.
And, as of now, as long as the price is trading above 1,244.60, its recommended to ' BE LONG ' for a targeted price of around 1,315.00 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1,240.00
Res_2 = 1,306.00
Res_1 = 1,295.00
Sup_1 = 1,280.00
Sup_2 = 1,272.25
Ticker: XAUUSD
LAST= 1,285.15
Gold movement during the last few days showed a Bullish move, with a recent high price seen on Fri 04.Jan.2019 at 1,298.62.
During the next few days the price is expected to go up to 1,303.50.
The Short-Term view is expected to continue to be UP as long as the price is above 1,283.73.
And, as of now, as long as the price is trading above 1,244.60, its recommended to ' BE LONG ' for a targeted price of around 1,315.00 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1,240.00
Res_2 = 1,306.00
Res_1 = 1,295.00
Sup_1 = 1,280.00
Sup_2 = 1,272.25
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