|XAU/USD (Gold) Technical Analysis comments :|
|The pair XAU/USD made a shy return above 1660 points.|
The pair is moving above the upper band of its short term bearish channel (purple lines) and is testing the lower band of its long term bullish channel.
Indicators are globaly bullish.
We continues to advise long positions as far as 1650 points is resistance.
The breakout of 1680 points will give a new buy signal and open the way towards 1700 points.
In case of return above 1650 points, we will wait the breakout of 1640 points to advise short positions.
|Complete sheet of the pair XAU/USD (Gold) - Previous XAU/USD (Gold) Analysis|
|Chart of the pair XAU/USD (Gold)- Timeframe 4H - Zoom in :|
|Chart of the pair XAU/USD (Gold)- Timeframe 4H - Zoom out:|
|XAU/USD (Gold) Live Chart - Timeframe : 1h|