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Gold Price Technical Forecast: Gold, Silver at Resistance- Decision Time
Gold prices have rallied more than 7.5% off the yearly lows with XAU/USD attempting to mark a fourth consecutive weekly advance. The rebound off downtrend support is now testing downtrend resistance and we’re looking for a pivot off this zone in the days ahead for guidance. Similarly, silver is testing a key resistance zone and battle lines are drawn heading into the start of the week. These are the updated targets and invalidation levels that matter on the XAU/USD and XAG/USD weekly technical price charts. Review my latest Weekly Strategy Webinarfor an in-depth breakdown of this gold technical setup and more. ... (full story)