XAUUSD#1--->Waiting for sell:

Good day, dear investors and colleagues traders!

Your attention to the technical analysis of #gold or #Xauusd:

* Commentary on the last trading week:

The asset continues to move along the ascending channel, the lower border of which began on December 10. Gold continues to be in demand amid investors' concerns about the Chinese and global economies. At the same time, even strong macroeconomic data on the part of the USA are not capable of slowing down the movement in gold.
All this allows us to say that the "big money" is still insured against the effects of coronavirus.

* Technical comment:

The price went into the resistance zone of $ 1586-1590 per troy ounce. However, she most likely will not be able to keep the price for a long time, that the "good" resistance is at $ 1600-1605.
We believe that it is from the zone of $ 1586-1605 that is a zone for good sales with goals of $ 1570/1560.

* Orders and positions:

Our system assumes that this asset has entered the overbought zone, so we will try to look for possible areas for sales.

At the moment, we can’t name them exactly, but they are in the above-described zone, for decision-making we will wait for the price to consolidate.

Best regards,
Ltd ”Wermelgion and Partners Investment”

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