Dukascopy

XAU/USD daily overview

FX:XAUUSD   Gold Spot / U.S. Dollar
During Friday’s trading session, the yellow metal was supported by the 55-hour simple moving average to end the day at 1,310.00. On Monday morning, the rate was retraced by the upper boundary of the medium pattern to allocate the rate at the 1,317.28 mark.

In regards to the near-term future, most likely, the rate will break the resistance of the medium pattern line at the 1,318.00 mark to surge towards the monthly pivot point at the 1,321.03 mark.

On the other hand, the upper boundary of the medium pattern line at the 1,318.00 mark might retrace gold to push it to the 1,314.00 level.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out