CuanAsia

Break above 1925-28 Gold XAUUSD could open the way to 1937-43

TVC:GOLD   CFDs on Gold (US$ / OZ)
Break above 1925-1928 Gold XAUUSD could open the way towards 1937-1943.

XAUUSD Gold may test a resistance at 1920, a break above which could open the way towards 1937-1943.

On the daily chart, gold is heading to 1925-1928, which is suggested by a projection analysis and a rising channel.

The metal may retest a support into 1902-1905 range for better chance of extending to 1940.

Support is at 1902, a break below which could cause a fall into 1885-1892 range.

Price now 1903.

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#XAUUSD #Gold Daily Level (22/2)

R3 1937.42
R2 1922.90
R1 1916.23

Pivot 1901.71

S1 1895.04
S2 1880.52
S3 1873.85

Open 1909.51
High 1913.98
Low 1905.39
Price Now 1903.36

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