On the flip side, any subsequent move up might now confront some hurdle near the $3,340-3,345 region. The latter coincides with the ascending trend-line breakpoint, above which a fresh bout of a short-covering could lift the Gold price to over a two-week high, around the $3,365-3,366 zone touched last Friday. The subsequent move up should allow the XAU/USD pair to reclaim the A sustained strength beyond would be seen as a fresh trigger for bulls and should allow the Gold price to reclaim the $3,400 mark and climb further to the next relevant barrier near the $3,465-3,470 zone.
XAUUSD buy signal 3307
Target 3400
SL 3280
XAUUSD buy signal 3307
Target 3400
SL 3280
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.