XAUUSD $1,690 Important

Gold has come under further heavy selling pressure as the yellow-metal continue to depreciate against the rising greenback. An important technical breakout from a broadening ascending wedge pattern is underway while the price trades below the $1,690 level. If bears can maintain the breakout under the wedge then it is possible that the price of gold could eventually fall back towards the $1,450 level.

XAUUSD is only bullish while trading above the $1,690 level, key resistance is found at the $1,710 and the $1,730 levels.

If XAUUSD trades below the $1,690 level, sellers may test the $1,660 and $1,610 support levels.

1 view0 comments



Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.


Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with Wix.com