XAU/USD Daily Analysis
Price has now broken through daily resistance at $2475 per ounce and created an all time high with strong bullish momentum on Friday.
We can now look for price to form a new resistance level and retest/reject the same zone (2475), which would potentially indicate more upside to come.
With price making an all time high, sellers of physical gold may see now as a great opportunity to sell and bank profits. This in turn, could mean that we see last weeks price action as a false break. Price action this week will be key.
We can now look for price to form a new resistance level and retest/reject the same zone (2475), which would potentially indicate more upside to come.
With price making an all time high, sellers of physical gold may see now as a great opportunity to sell and bank profits. This in turn, could mean that we see last weeks price action as a false break. Price action this week will be key.
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Low-Cost Trading, for everyone, everywhere.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.