|XAU/USD (Gold) : Above the upper band of its bullish channel|
The pair XAU/USD (Gold) is moving above the upper band of its bearish channel (purple lines).
Update : 07/12 - The pair XAU/USD has validated a return below 1580 points, offering a sell signal and then made a pullback on this level.
The gold should now move towards the support at 1560 points. The breakout of this level will give a new sell signal and open the way towards 1540 points.
|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