Gold Analysis


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XAUUSD Bearish at moment


Based on the 30 minute chart for XAUUSD indicates that selling pressure is dominant to the nearest target at 1213.90. If the seller dominates at that level brought it enables will disturb the next target at 1210.33. Failure scenarios will restore the position XAUUSD rally towards the critical level at 1218.36 to 1219.70.

Resistant: 1217.50, 1220.40, 1222.20
Support: 1212.80, 1211.00, 1208.10

Scenario Transaction:
Buy at 1217.65, 1223.65 target, stop loss at 1214.65
Sell at 1216.10, 1210.10 target, stop loss at 1220.10

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