Sumary of Gold Price Forecast – XAU/USD Trading Around Big Resistance:
- Gold Price Technical Outlook: NeutralGold struggling around an important area of resistanceLevels, lines, and scenarios to watch in the days aheadGold Price Forecast – XAU/USD Testing Big Level of ‘Hidden’ SupportLast week gold shot higher, but quickly found itself at an important area of resistance.
- If gold can’t get over resistance in a convincing fashion soon, then look for a turn lower and more choppy price action to ensue.
- Trend-lines from August and November 2020 arrive between around 1850 and 1860. A break above those lines will bring into view the November high at 1877 as the next level of resistance.