XAU / USD Technical Analysis - Uniglobe Markets

XAU / USD Technical Analysis

Posted on March 9, 2018 at 05:33 AM

The price of gold fell, stabilized at 1325.00 and stability below the mentioned level is considered negative. But at the same time, we will need to see a break of 1315.00 to prove the negative extension.

There are signs of weakness appearing on both the ADX and RSI, and these signals may be supportive of the downside potential. But at the same time, we confirm that negativity requires a break of 1315.00. From the top, trading back above 1330.00 will be a negative sign.

Price Trend: Down with a break of 1325.00 targeting 1315.00 and 1310.00 as long as 1330.00 is intact

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