Below I will try to write down what I observed as technically successful in the movement of XAU / USD which will run daily, please try to observe the picture below
When we look at the pattern of the picture above it looks like today is the time used by the XAU / USD is to test the resistance levels towards him at once for a powerful starting point for continuing its journey to the lower level
Possibly on a smaller time frame for this pair show up berdasrakan price patterns that appear daily candle itself but I'm sure the pattern travels up this is only a minimal level of resistance he just ressten 1 and we'll see if he is able to penetrate it is possible to get resistance 2 .
As in the picture above the point of support and resistance that must be addressed is very clearly illustrated there.
My conclusion for the pair XAU / USD this is the right time to enter the market with the opening of a trade position to sell
Resistence 1 on 1272.71
Resistence 2 on 1291.40
Support 1 on 1249.04
Support 2 on 1249.50
According trend this pair its so difficult to go up and i see this the good time to SELL on Resistence 1 level
Ok that bout Daily Technical Analysis For XAU/USD Today and i wish this tool is powerful for you and give you more of benefit
EUR/USD Analysis here
EUR/USD Analysis here
