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XAUUSD Technical Analysis

756
1st resistance level $1763-1769

Second resistance level $1775-1786

There was no military conflict between the US and China after the US top brass visited Taiwan and the Chinese Foreign Ministry issued a unilateral and stern statement. In line with market expectations, gold prices are expected to risk aversion decay, there is a possibility of further pullback, such as a rebound to resistance levels can try to short, need to remind us that the political events (events have not escalated to military conflict) is still not over, need to beware of the price upward impulse.

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Sell $1780-1788

Target $1746-1756

Stop Loss $1795-1800

Feragatname

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