The pair XAU/USD (Gold) is moving above the upper band of its bearish channel (purple lines). The gold just found support on 1550 points and is currently trying to rebound on 1580 points as resistance.
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Forex – XAU/USD (Gold) Technical Analysis
The pair XAU/USD (Gold) is moving above the upper band of its bearish channel (purple lines). The gold just found support on 1550 points and is currently trying to rebound on 1580 points as resistance
Forex – XAU/USD (Gold) Technical Analysis
The pair XAU/USD (Gold) is moving above the upper band of its bearish channel (purple lines). The gold just found support on 1550 points and is currently trying to rebound on 1580 points as resistance. We think that the gold will continue its bearish rally above the upper band of its channel.