HomeContributorsTechnical AnalysisXAU/USD Rises To A Four-Week High

XAU/USD Rises To A Four-Week High

Gold prices are holding on to the bullish gains with prices rising sharply to a four-week high.

This comes after the breakout above the previous pivot high of 1630. To the upside, the next main price level is at 1655.

Failure to breakout above this level means we can expect gold to settle within the said levels of 1655 and 1630.

A breakout from this range, we can expect the direction to be maintained. To the downside, the support at 1594 will be the target.

Orbex
Orbexhttp://www.orbex.com/en/agent/cl/ccc678cb86b9
At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading.

Featured Analysis

Learn Forex Trading