gold broke 1260 price level what next ?
GOLD PRICE TECHNICAL ANALYSIS
Gold broke Down major support and cross down 1280 $ closed the day below it, which supports the continuation of bearish overview efficiently, also we can see thatGold failed to break up the upper bounder, we can see very clearly on the charts - trading between 1200-1360+- areas
The big question is when this shuffle trend will finish: will it go to 1400$ Or 1100$?
NOTED FOR THIS: Gold price pattern
Gold’s selling pressure continues today when now 1260 price levels is not going to support for this run ' I'm expecting to see more downtrend to test lower levels
GOLD ANALYSIS |
Gold price technical analysis
As long as gold xau/usd stay and trade below 1305+_ the trend is bearish and those targets are on the desk: 1267 1240 1233 1224 1211If gold remains above 1291, I’m expecting to meet 1347 1333 1326 1315 areas - while break down 1291 level will lead the gold go to 1247-1256, while we need to watch at 1268-1274 area, there is the price band is imprisoned between 1207 and 1346Strong support: 1224 & 1211 price areas are meaningful numbers and the big trend support stay in 1207
XAU USD ANALYSIS |
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