JohnHarry_7

Xauusd confirm buy signal

Short
JohnHarry_7 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold Price: Current Pricing, Prices Chart & Rate Graph

Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.

Gold price (XAU/USD) pulls back after hitting a fresh record high earlier this Wednesday and remains on the defensive through the first half of the European session.


From a technical perspective, the Gold price has been scaling higher in uncharted territory, and the recent momentum seems strong enough to allow bulls to conquer the $2,300 mark. That said, the Relative Strength Index (RSI) on the daily chart is flashing extremely overbought conditions and warrants some caution. Hence, it will be prudent to wait for some near-term consolidation or a modest pullback before positioning for any further gains.

Gold now buy 2271
Target 2280
Target 2290
Target 2303
SL 2255



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Gold signal

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