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.
- -

Gold prices briefly dipped to the 1594 level of support before rebounding slightly higher.

With the current momentum in place, there is scope for a move toward the 1655 level of resistance.

We, therefore, expect gold prices to remain range-bound within the 1655 and 1594 levels.

In the event of a breakout above 1655, we expect a move back to the 1700 level.

The post XAUUSD rebounding off the support level appeared first on Orbex Forex Trading Blog.

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

Tagged on: