XAU/USD: general review

FX:XAUUSD   Emas/Dolar U.S
40 0 1
Current trend

The pair is currently under pressure amid news regarding federal budget resolution for the next fiscal year in the US, as it needs to be approved by Congress. Yet the US President Obama expressed his hopefulness that the document will be passed without any delays and signed within the appropriate period.

Support and resistance

Gold             continues trading within a descending channel . At present, the price reached its lower border at the level of 1131.50. If it manages to overcome this level, the pair continues falling towards 1100.00. At the same time, an upward correction is possible from the bottom border of the channel. A confirmation of a possibility to consider long positions could be a price consolidation above the level of 1137.99.

Support levels: 1131.50.
Resistance levels: 1137.99.

Trading tips

Open short positions after the breakdown of the level of 1131.50 with the target at 1112.55 and stop-loss at 1138.00.
More analytic from LiteForex:
You can choose any language on our site
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar