XAUUSD Technical Analysis
1st resistance level $1763-1769
Second resistance level $1775-1786
There was no military conflict between the US and China after the US top brass visited Taiwan and the Chinese Foreign Ministry issued a unilateral and stern statement. In line with market expectations, gold prices are expected to risk aversion decay, there is a possibility of further pullback, such as a rebound to resistance levels can try to short, need to remind us that the political events (events have not escalated to military conflict) is still not over, need to beware of the price upward impulse.
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Second resistance level $1775-1786
There was no military conflict between the US and China after the US top brass visited Taiwan and the Chinese Foreign Ministry issued a unilateral and stern statement. In line with market expectations, gold prices are expected to risk aversion decay, there is a possibility of further pullback, such as a rebound to resistance levels can try to short, need to remind us that the political events (events have not escalated to military conflict) is still not over, need to beware of the price upward impulse.
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Trade active
Trade active
Trade active
Trade active
Sell $1780-1788
Target $1746-1756
Stop Loss $1795-1800
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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.