HomeContributorsTechnical AnalysisXAU/USD Analysis: Trades At 1,880.00

XAU/USD Analysis: Trades At 1,880.00

Yesterday, the XAU/USD exchange rate raised to the 1,885.00 level.

From the one hand, it is likely that some upside potential could prevail in the market. In this case the exchange rate could face the resistance formed by the 200-hour SMA near 1,900.00.

From the other hand, it is likely that bears could prevail in the market in the short run. Note that the price for gold could gain support from the 55– and 100-hour SMAs, as well the monthly S1 in the 1,865.00 area.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading