Gold price approaches important resistance level
Updated
Gold price, after overcoming the resistance zone at $2,050/oz, continued to increase in the trading session after the Christmas holiday to $2,065/oz, thanks to the weakness of the US dollar.
This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to escalate, gold prices may continue to increase sharply.
This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to escalate, gold prices may continue to increase sharply.
Note
SELL XAU 2065TP1: 2055
TP2: 2050
BUY XAU 2055
TP1: 2065
TP2: 2075
Note
Close buy and sell nowNote
hit full TP + 150 pips
Related publications
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.