|XAU/USD (Gold) Technical Analysis comments :|
|The pair XAU/USD made yesterday a pullback on 1650 points as support and also on the upper band of its medium term bearish channel (purple lines).|
The pair continues to move on the lower band of its long term bullish channel.
Indicators stay 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|