XAUUSD

Gold price has a quite high volatility in recent days. Risk appetite is relatively lower on global basis. This leads to up movements on gold prices.  

We follow 1600 level as a support level in short term. We may see up movement if the Gold price satays above this level.  

Resistance levels: 1606 – 1613 - 1616 
Support levels: 1600 – 1592 - 1586