HomeContributorsTechnical AnalysisXAUUSD Intraday Analysis

XAUUSD Intraday Analysis

XAUUSD (1246.54): Gold prices extended declines off the highs close to the 1250 handle. Price action is seen rebound off the support level at 1242.25. We expect the gains to form a lower high potentially. This could signal correction to the lower support at 1227.10. If gold prices manage to post a strong rebound leading to further gains, we could expect gold to test the $1250 handle. However, the overall momentum is likely to ease near these levels.

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