XAUUSD holds steady near resistance

0 257

Gold prices are trading steadily near the resistance level of 1655.

At the time of writing, gold is trading near the minor trend line.

To confirm the downside, a breakout from this level is required.

The lower support at 1594 – 1600 looks like the most likely target if prices breakdown lower.

In the event of a breakout above 1655, gold prices could rise toward the 1700 level.

Test your strategy on how gold will fare with Orbex - Open your account now. 

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.