Technical analysis outlook - metals : $GOLD - $XAUUSD
Sun 24.Feb.2019
Ticker:
XAUUSD
LAST= 1,328.25
Gold movement during the last few days showed a Bullish move, with a recent high price seen on Wed 20.Feb.2019 at 1,346.82.
The outlook for gold price is expected to continue to be in Consolidation between 1,340.00 - 1,312.00. But as of now, trying to buy on the expected drop during the next few days at around 1,305.00 for a move to test the second resistance level of 1,340.00 after that.
On the other hand, a change in the direction of the wave needs to be considered when the price trades below the level 1,295.25
Res_2 = 1,340.30
Res_1 = 1,332.50
Sup_1 = 1,325.00
Sup_2 = 1,317.00
Ticker:
XAUUSD
LAST= 1,328.25
Gold movement during the last few days showed a Bullish move, with a recent high price seen on Wed 20.Feb.2019 at 1,346.82.
The outlook for gold price is expected to continue to be in Consolidation between 1,340.00 - 1,312.00. But as of now, trying to buy on the expected drop during the next few days at around 1,305.00 for a move to test the second resistance level of 1,340.00 after that.
On the other hand, a change in the direction of the wave needs to be considered when the price trades below the level 1,295.25
Res_2 = 1,340.30
Res_1 = 1,332.50
Sup_1 = 1,325.00
Sup_2 = 1,317.00