Breaking News
LAST CHANCE for Cyber Monday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

XAU/USD: Gold Daily Trend Bearish, Yet Downside May Be Limited

By Abhishek M RCommoditiesFeb 04, 2018 11:40AM ET
www.investing.com/analysis/xauusd--gold-daily-trend-bearish-yet-downside-may-be-limited-05-feb-2018-200286799
XAU/USD: Gold Daily Trend Bearish, Yet Downside May Be Limited
By Abhishek M R   |  Feb 04, 2018 11:40AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Technical Snap Shot: On a daily basis, all the major indicators highlighted in the chart Commodity Channel Index, Stochastic Oscillators, Parabolic SAR, RSI along with Bearish candlestick formation confirms daily/early week trend remains firm Bearish.

Weekly Trade Levels:

Support & best buy level 1337 (current resistance), Actual Resistance and best short level 1343, A break above 1349 upside capped at 1362 - 1368 - 1370, However, a crack below 1331 downside target in focus 1319.50/1318 & 1312.20 in extension.

Approach:

Sell on rising above 1337, the Best short level for the week 1341 target in focus 1319.50 - 1318 stops or average level 1349, Reversal above 1352.60, levels to watch for 1358 - 1368 - 1370 on the other side.

XAU/USD Now at 1333.13

Technical Indicators Highlighted
Technical Indicators Highlighted

XAU/USD: Gold Daily Trend Bearish, Yet Downside May Be Limited
 

Related Articles

Anna Coulling
Where Next For Gold? By Anna Coulling - Nov 30, 2021 3

Following last week’s volatility, which spanned the markets with the sell-everything mentality, it's time to check in on gold. In particular, let's look at the daily chart to get...

XAU/USD: Gold Daily Trend Bearish, Yet Downside May Be Limited

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: All opinions, news, research, analyses, prices or other information is provided as general market commentary and not as investment advice. trendtradersonline.com their members, shareholders, employees, agents, representatives and resellers do not warrant the completeness, accuracy or timeliness of the information supplied, and they shall not be liable for any loss or damages, consequential or otherwise, which may arise from the use or reliance of the trendtradersonline service and its content.
Continue with Google
or
Sign up with Email