Technical analysis outlook - metals : $GOLD - $XAUUSD
Sun 10.Feb.2019
Ticker: XAUUSD
LAST= 1,314.50
Gold Spot /Oz movement during the last few days showed a Sideways movement, with a recent high price seen on Thu 31.Jan.2019 at 1,326.33.
During the next few days the price is expected to continue to be in Consolidation between 1,320.00 - 1,305.00, but more biased to go above the upper band to 1,340.00
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1,295.00
Res_2 = 1,335.00
Res_1 = 1,320.00
Sup_1 = 1,305.00
Sup_2 = 1,295.00
Ticker: XAUUSD
LAST= 1,314.50
Gold Spot /Oz movement during the last few days showed a Sideways movement, with a recent high price seen on Thu 31.Jan.2019 at 1,326.33.
During the next few days the price is expected to continue to be in Consolidation between 1,320.00 - 1,305.00, but more biased to go above the upper band to 1,340.00
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1,295.00
Res_2 = 1,335.00
Res_1 = 1,320.00
Sup_1 = 1,305.00
Sup_2 = 1,295.00
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