Gold Analysis


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Based on the 30 minute chart for XAUUSD indicates that selling pressure is dominant to the nearest target at 1204.68. If the seller dominates below that level it allows will disturb the next target at 1199.02. Failure scenarios will restore the position XAUUSD rally towards the critical level at 1211.97 to 1214.05.

Resistant: 1212.20, 1217.90, 1221.70
Support: 1202.70, 1198.90, 1193.20

Scenario Transaction:
Buy at 1210.30, 1216.30 target, stop loss at 1206.30
Sell at 1208.30, 1202.30 target, stop loss at 1212.30

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