Gold Technical Analysis: there Is Room To Increase More
|XAU/USD has been fluctuating between an ascending parallel channel.
1486 was the bottom of the channel and was important support level.
The negotiation between the US and China hasn’t progressed yet and the chance of no-deal Brexit is still high.
So, in our thoughts, Gold may reach the upper bound of the parallel channel.
Current price: 1518
The first target: 1555
Second target: 1588
SL: 1490
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.