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Gold Weekly Price Outlook: XAU/USD Challenges Critical Resistance

From dailyfx.com

In this series we scale-back and look at the broader technical picture to gain a bit more perspective on where we are in trend. Gold prices have rallied nearly 7% from the yearly lows with price now testing a key resistance barrier at the October highs. Here are the key targets & invalidation levels that matter on the XAU/USD weekly chart heading into the close of the year. New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide Gold Weekly Price Chart (XAU/USD) Notes: In my previous Gold Weekly Technical Outlook we highlighted a constructive bias as price rebounded from confluence ... (full story)

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  • Category: Technical Analysis