XAU/USD – Trading Tips
Gold opens with a massive gap as investors are concerned about the uncertainties coming from Saudi Arabia’s oil processing unit attacks. At the moment, it's trading in 1503, after testing a double top resistance at 1512. Immediate support can be seen around the 1500 area. Whereas, violation of this level can extend the bearish rally until 1489.
Gold opens with a massive gap as investors are concerned about the uncertainties coming from Saudi Arabia’s oil processing unit attacks. At the moment, it's trading in 1503, after testing a double top resistance at 1512. Immediate support can be seen around the 1500 area. Whereas, violation of this level can extend the bearish rally until 1489.