This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

xauusd

The precious metal recovered from the declines from Thursday as Friday’s price action pushed price higher.

Gold prices settled near 1963 into Friday’s close. A familiar resistance level price action on the intraday charts was somewhat bearish.

Unless there is a strong breakout to the upside above 1963, gold is likely to move back lower.

We could see price action moving into a sideways range between 1963 and 1910 in the near term.

Only a breakout from this range will potentially confirm the next direction in the trend.

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

The post Gold Pares Losses But 1963 Resistance Holds appeared first on Orbex Forex Trading Blog.


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: