|XAU/USD (Gold) Technical Analysis comments :|
|The pair XAU/USD has validated yesterday a return above 1600 points, offering a buy signal.|
The pair is still moving above the upper band of its medium term bearish channel (purple lines).
Indicators are globaly bullish.
We continue to advise long positions as far as 1600 points is support.
The breakout of 1620 points will give a new buy signal and will open the way towards 1640 points.
In case of return below 1600, we will wait the breakout of 1580 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