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Gold Weekly Technical Outlook: Four-Week Winning Streak Fails at 1300

From dailyfx.com

The gold price advance has lost stream just ahead of key resistance on the fourth consecutive weekly gain. Here are the levels that matter on the XAU/USD weekly chart. 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 are posed to mark a fourth-consecutive weekly advance with the precious metal up 0.3% to trade at 1288 ahead of the New York close on Friday. Here are the key targets & invalidation levels that matter on the Gold (XAU/USD) weekly chart. In my previous Gold Technical Outlook we noted that, “IF this breakout is ... (full story)

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  • Category: Technical Analysis