Technical analysis outlook - metals : $GOLD - $XAUUSD
Sun 20.Jan.2019
Ticker: XAUUSD
LAST= 1,281.75
Gold movement during the last few days showed a sideways movement, within the high and low prices seen on Fri 04.Jan.2019 at 1,298.62 – 1,276.71.
During the next few days the price is expected to test the lower level of the band at 1,276.51.
On a longer view it’s expected to continue to trade within the levels of 1,298.62 – 1,276.71,and it’s recommended to ‘wait for a more solid signal’ to see which level will break for a targeted price of around 1,315.00 after a break of the upward level, and 1,260 on the lower level break.
Res_1 = 1,315.00
Res_1 = 1,298.75
Sup_1 = 1,276.71
Sup_2 = 1,260.00
Ticker: XAUUSD
LAST= 1,281.75
Gold movement during the last few days showed a sideways movement, within the high and low prices seen on Fri 04.Jan.2019 at 1,298.62 – 1,276.71.
During the next few days the price is expected to test the lower level of the band at 1,276.51.
On a longer view it’s expected to continue to trade within the levels of 1,298.62 – 1,276.71,and it’s recommended to ‘wait for a more solid signal’ to see which level will break for a targeted price of around 1,315.00 after a break of the upward level, and 1,260 on the lower level break.
Res_1 = 1,315.00
Res_1 = 1,298.75
Sup_1 = 1,276.71
Sup_2 = 1,260.00
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