XAUUSD $1,760 Huge Resistance

Gold is slowly starting to push higher as traders continue to buy the yellow-metal from key rising trendline support on the lower time frames. The big picture still shows that gold is trading inside an extremely large falling price channel between the $1,670 and $1,760 levels. If buyers can gain momentum above the $1,745 level then a major technical test towards the top of the falling price channel, at $1,760, could take place.


XAUUSD is only bullish while trading above the $1,730 level, key resistance is found at the $1,760 and the $1,800 levels.


If XAUUSD trades below the $1,730 level, sellers may test the $1,700 and $1,670 support levels.



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