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.
- -

The precious metal is trading flat after prices fell sharply just the day before.

For the moment, gold is trading below the key price level of 1747.00. There is scope for price to briefly retest the 1747.00 handle.

A breakout above this level could see further gains coming but expect a move higher only on a strong close above the previous high of 1764.00.

To the downside, the previous resistance level near 1717.65 will likely act as support which could stall the precious metal from posting further declines in the near term.

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

The post XAUUSD Stalls After Giving Back Gains appeared first on Orbex Forex Trading Blog.

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

Tagged on: