Gold Technical Update

Posted byNeil CallardPosted inforex technical analysis
http://www.eightdragonscapital.com

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 http://www.eightdragonscapitl.com

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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