XAUUSD consolidates as resistance holds

0 136

Gold prices are trading rather mixed on the day.

Price action is strongly consolidating near the price level of 1712.50.

For the moment, the resistance level is holding up.

This could confirm the downside in prices. The minor resistance level is at 1691.76.

A break down below this level will confirm a move lower to the 1671.95.

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Your email address will not be published.