XAU / USD Technical Analysis - Uniglobe Markets

XAU / USD Technical Analysis

Posted on February 8, 2019 at 07:18 AM

The price of gold is now settling around the 1310.00 level, and we expect gold to rise in the coming days. Any trading above this level should be considered positive. Now, the bullish wave of gold continues to breach the psychological barrier 1320.00, but we confirm that this requires stability of trading above 1305.00

Support: 1300.00

Resistance: 1319.00

Price Trend: The pair is rising above 1310.00 targeting 1320.00 as long as it does not break below 1305.00

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