XAUUSD 2017-11-24 Intra-day analysis
Gold prices maintaining current position above resistance levels.
XAUUSD intra-day analysis
XAUUSD (1291.57): Gold prices have managed to maintain their gains above the 1285 resistance level that was breached earlier. However, price can be seen struggling to push higher. Current price action in gold shows the price testing last week’s highs near the 1290 area. Unless there is a strong breakout above this previous high, gold prices might remain flat or even biased downwards. Support at 1285 is seen as the immediate level to the downside, while a breach of 1290 area will signal a move towards the next main resistance at 1300 region.
