XAUUSD

10:20, 15 May

XAUUSD

Gold prices break its down trend’s resistance level which is 1720 yesterday and rose to 1738 level. We think that any down movements can give a buying opportunities in short term.  

1738 is the key resistance level for Gold prices. If the Gold breaks this level then the 1747 will be targeted.  

Resistance levels: 1738 – 1743 - 1748 
Support levels: 1727 – 1720 - 1710