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Gold Technical Outlook: XAU/USD Short-term Trade Levels
Gold prices have been on the defensive since the start of the year with XAU/USD plunging nearly 3% into the January open. A recovery off short-term, downtrend support is faltering just ahead of resistance and the focus is on a breakout of the weekly opening-range for guidance here. These are the updated targets and invalidation levels that matter on the XAU/USD short-term technical charts. chart Technical Outlook: In last month’s Gold Short-term Price Outlook we noted that XAU/USD was trading just below resistance while highlighting that, “seasonal tendencies historically favor gold into last two weeks of the ... (full story)