XAU / USD Technical Analysis - Uniglobe Markets

XAU / USD Technical Analysis

Posted on September 14, 2018 at 07:09 AM

The rising gold trend continues and settles around 1200.00. Although any trading above a price should be considered positive. Now, we see the rally that took place today as just the beginning of a bullish wave targeting the psychological barrier 1210.00, but we confirm that it requires stability of trading above 1195.00

Support: 1180.00

Resistance: 1215.00

Price Trend: The pair is trading above 1200.00 targeting the 1210.00 and 1215.00 levels as long as it does not break above 1195.00

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