XAU/USD Technical Analysis - Uniglobe Markets

XAU/USD Technical Analysis

Posted on April 18, 2019 at 05:04 AM

The price of gold continues to decline to settle now at 1274.00, and stability below this level is considered a loot. The bearishness of the gold price will continue for today to see a breach of 1260.00 to prove the continuation of the negative. From the top, trading back above 1283.00 will be deleterious.

Support: 1263.00

Resistance: 1281.00

Price Trend: Downwards below 1275.00 with 1260.00 targeting 1283.00

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