Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650
Gold (XAUUSD) Long-term Trend: Bullish
Gold (XAUUSD) is in an uptrend as it targets the high of $1,967.The gold price has reached a high of $1,901 which is an overbought region of the market. The market is declining after reaching the overbought region. On the downside, if price falls and finds support above $1,870, the uptrend will resume. The downtrend will resume if price falls below $1,870 support.
Daily Chart Indicators Reading:
Gold is at level 67 of the Relative Strength Index for period 14. It indicates that the market is approaching the overbought region. Gold price is likely to face rejection at the recent high. The 21-day SMA and the 50-day SMA are sloping sideways indicating a sideways trend.
Gold (XAUUSD) Medium-term bias: Bullish
On the 4 hour chart, the Gold price is in a smooth uptrend. XAUUSD is in a minor retracement but may resume an upward move. Meanwhile, on February 15 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Gold will rise to level 2.618 Fibonacci extension or level $1,967.91.
4-hour Chart Indicators Reading
XAUUSD is above the 80% range of the daily stochastic. The market has reached to the overbought region.` Sellers will emerge in the overbought region to push prices down. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.
General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price has risen to the overbought region as it targets the High of $1,967. The upward move will soon reach bullish exhaustion.
You can purchase crypto coins here. Buy Tokens
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.