XAU / USD Technical Analysis - Uniglobe Markets

XAU / USD Technical Analysis

Posted on December 6, 2018 at 07:00 AM

Gold continues to trade positively, and now settles around 1236.00. Any trading above this level should be considered positive. Now, the bullish wave of gold continues to breach the psychological barrier 1246.00, but we confirm that this requires stability of trading above 1231.00

Support: 1230.00

Resistance: 1249.00

Price Trend: Up above 1236.00 targeting the 1246.00 level as long as the 1231.00 remains intact

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