XAUUSD

10:18, 08 May

XAUUSD

Gold prices had jumped yesterday night. But there was no fundamental reason. Now the pair is testing main resistance level.  

In technically, 1722 is the resistance level of down trend. So, we may see some down movements if the Gold prices stay below 1722. On the other hand if the Gold prices break 1722 resistance level, then the up movement would be accelerated.  

Resistance levels: 1722 – 1736 - 1747 
Support levels: 1713 – 1705 - 1696