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XAU/USD Gold Price Analysis: Gold Stabilizes with Stronger Upward Bias

From dailyforex.com

The overall Gold Trend: Remains bullish. • Today's Gold Support Levels: $3318 – $3300 – $3260 per ounce. • Today's Gold Resistance Levels: $3360 – $3380 – $3420 per ounce. • Sell gold from the resistance level of $3380 with a target of $3290 and a stop loss of $3400. • Buy gold from the support level of $3280 with a target of $3370 and a stop loss of $3250. {chart} Despite the recent strength of the US dollar, the gold price indicator has shown upward stability. During yesterday's session, instantaneous gold prices jumped to the $3377 per ounce resistance level. However, on Thursday, it faced profit-taking sales, ... (full story)

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