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XAU/USD Resistance Levels: 1341.50, 1362.00, 1374.60

Published 08/28/2016, 01:18 AM
Updated 07/09/2023, 06:31 AM

XAU/USD Daily Chart

XAU/USD, D1

On the daily chart, the instrument is falling along the lower line of Bollinger Bands®. The price remains above the EMA50, EMA100 and EMA144 that are directed up. MACD histogram is near the zero line. Stochastic is in the oversold zone and trying to turn up.

XAU/USD 4 Hourly Chart

XAG/USD, H4
On the 4-hour chart, the instrument is correcting up from the lower line of Bollinger Bands. The price remains below its moving averages that are horizontal. MACD histogram is in the negative zone and its volumes are falling. Stochastic is growing and approaching the overbought zone.

Key levels
The price, most likely, will reverse upward from the lower line of Bollinger Bands on the daily chart. In case of its breakdown, it will give a strong sell signal.

Support levels: 1318.15, 1308.00, 1298.90, 1279.00, 1255.85, 1235.50, 1205.00.
Resistance levels: 1341.50, 1362.00, 1374.60.

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