XAU/USD - Gold - Sell Trade Analysis XAUUSD Update

2020년 7월 8일

Gold broke through the resistance level placed at 1797.136 and traced to the upside however failed to breakthrough the new resistance level placed. As a result, price struggled to break through this new level and started to break down towards the downside.

Expectation is that price will continue towards the downside however I suspect a possible return to the upside as price has not broke past the level of support placed at 1808.455.