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Gold Price Outlook: XAU/USD Breakout to Intensify as Volatility Surges

From dailyfx.com

The breakout above yearly down-trend resistance in Gold has fueled a rally of nearly 4% off the monthly lows with the advance failing just ahead of a key resistance range in price. These are the updated targets and invalidation levels that matter on the XAU/USD charts from here. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. Technical Outlook: In our latest Gold Weekly Technical Outlook our ‘bottom line’ noted that price had, “cleared a technical resistance confluence / the monthly opening-range high and keeps the outlook weighted to the topside… From a trading standpoint, I’ll ... (full story)

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  • Category: Technical Analysis