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Gold Spot / U.S. Dollar

xauusd Gold trade analysis

By Jerome-Leon
Updated
snapshot
From a technical point of view, the overall upward trend of international gold prices remains intact, but it is currently at a high level. If the bulls cannot break upward to open up new room for growth, they do not rule out the pressure of fear of high selling, because the market lacks new catalyst stimulation, and other market directions Re-intervention is a good trading strategy. The watershed between long and short this week is 2,041 US dollars per ounce, and the international gold price is currently running above the watershed. On the upside, the resistance will first focus on 2070/ounce. If it effectively breaks through this position, the resistance will be adjusted to 2090/ounce. On the downside, the support will focus on 2020/ounce. If it effectively falls below this level, the support will be adjusted to 1992/ounce. .
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active trade
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active trade
Supply and DemandSupport and ResistanceTrend AnalysisXAUUSDxauusdanalysisxauusdupdates
Jerome-Leon
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