Technical analysis outlook - metals : $GOLD - $XAUUSD
Sun 03.Feb.2019
Ticker:XAUUSD
LAST= 1,317.65
Gold Spot $/Oz movement during the last few days showed a Bullish move, with a recent high price seen on Thu 31.Jan.2019 at 1,326.58.
During the next few days the price is expected to retest the level 1,326.58 again.
The Short-Term view is expected to continue to be UP as long as the price is above 1,316.23.And, its recommended to ' BE LONG ' for a targeted price of around 1,340.00 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1,285.00
Res_2 = 1,333.00
Res_1 = 1,325.00
Sup_1 = 1,312.75
Sup_2 = 1,300.00
Ticker:XAUUSD
LAST= 1,317.65
Gold Spot $/Oz movement during the last few days showed a Bullish move, with a recent high price seen on Thu 31.Jan.2019 at 1,326.58.
During the next few days the price is expected to retest the level 1,326.58 again.
The Short-Term view is expected to continue to be UP as long as the price is above 1,316.23.And, its recommended to ' BE LONG ' for a targeted price of around 1,340.00 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1,285.00
Res_2 = 1,333.00
Res_1 = 1,325.00
Sup_1 = 1,312.75
Sup_2 = 1,300.00