Gold Technical Update

XAUUSD Closes in on 1800.00

XAUUSD finding resistance at 1796.00/1798.00 is tough going.

However, as long as pivot support holds 1784.00/1782.00 the pressure remain to the upside and the 1800.00 barrier and beyond to 1808.00.

Should we get another failure at 1798.00/1800.00 gold will slip back down to support at 1782.00 and possibly 1772.00/1770.00 in extension

Charts provided by

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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