|XAU/USD (Gold) Technical Analysis comments :|
|The pair XAU/USD has validated yesterday a return above 1580 points.|
The pair continues to move above the upper band of its medium term bearish channel (purple lines).
Indicators are mitigated.
We are neutral between 1580 and 1600 points.
We advise to wait an exit of this range to take position:
- Short below 1580 points. The breakout of 1560 points will give a new sell signal
- Long above 1600 points. The breakout of 1620 points will give a new buy signal.
|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