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Gold Still Constructive But Resistance Lies Ahead

Gold Still Constructive But Resistance Lies Ahead

Paul Robinson, Strategist

Talking Points:

  • XAUUSD inverted head-and-shoulders target lies up ahead
  • Long-term downtrend-line resistance nearing
  • Risk of a material pullback exist a bit higher in the 1325-1345 area
  • Looking for one another push higher out of consolidationbefore pullback

XAUUSD Daily: Jul ’13 – Present

Gold Still Constructive But Resistance Lies Ahead

--- Written by Paul Robinson, DailyFX Research

To contact Paul, contact him at instructor@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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