Technical Analysis Outlook - GOLD - XAU Gold Spot / U.S. Dollar
Sun 13.Jan.2019
Ticker: XAUUSD
LAST= 1,287.41
Gold Spot /Oz 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 see a downward correction to 1,275.00
But as of now, as long as the price is trading above 1,275.00, its recommended to ' BE LONG ' for a targeted price of around 1,315.0 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 1,255.00
Res_2 = 1,300.00
Res_1 = 1,290.00
Sup_1 = 1,280.00
Sup_2 = 1,270.00
Ticker: XAUUSD
LAST= 1,287.41
Gold Spot /Oz 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 see a downward correction to 1,275.00
But as of now, as long as the price is trading above 1,275.00, its recommended to ' BE LONG ' for a targeted price of around 1,315.0 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 1,255.00
Res_2 = 1,300.00
Res_1 = 1,290.00
Sup_1 = 1,280.00
Sup_2 = 1,270.00
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