XAUUSD

10:01, 06 May

XAUUSD

There is no fundamental progress for Gold prices. Our technical levels give a good trade opportunities.  

1740 is the main resistance level and 1670 is the main support level for us. In short term, 1710 is the resistance level and 1690 is the support level for Gold prices. We still think that any down movements can give a buying opportunities for Gold.  

Resistance levels: 1710 – 1718 - 1740 
Support levels: 1690 – 1670 - 1660