Thursday, December 21, 2017

Gold remains calm with some bullish consolidation :

Gold remains bullish in the very short term but lacks momentum.

Indeed, after finding support in the 1236 area, XAU / USD is gradually rising and moving between a trend line and a moving average.

The MM20 in H4 in support and a short-term uptrend line delimit the upward progression of gold prices.

A break above the trend line and the threshold of 1270 could boost the rise towards 1280 and eventually 1290 and 1295 above.

Conversely, a break below the mentioned MM could relaunch the decline towards 1260, then below the attention would turn towards the support area of 1244/1240.

XAU / USD is currently trading at 1264.
Réactions :

0 commentaires: