XAUUSD

10:50, 05 August

XAUUSD

XAUUSD

Gold faced selling again yesterday from the level that the market followed as a resistance area after the 1832-34 area was tested twice before. Gold, up more than 1% in value on the day, with US ADP employment data falling below expectations. After the ISM data, which supports economic growth, came in above expectations, it recovered its gains and closed at $1812 at the end of the day.

 

  • Resistance: 1821-1831-1837
  • Support: 1804 - 1793 - 1785