Gold/U.S. Dollar: Gold attempts again to breakthrough 1575.90

Denis Joeli Fatiaki Independent Analyst

Gold prices retreated from 1575.90 against the U.S. dollar after a few failed attempts to breakthrough but managed to regroup and now back at around the same spot with indications of a continues uptrend in the 60 minutes price chart; however, gold prices need to remain above 1575.90 to proceed to the upside.

A breakthrough at 1575.90 could clear the path to its next short term target at 1592.00

Resistance: 1575.90, 1582.20, 1586.60, and 1592.30
Support: 1569.20, 1564.00, 1558.55, and 1553.45

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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