GoldHen_XAUUSD

GoldHen_XAUUSD

We have been continuing our wait for Gold to drop, after ranging around the 1780 resistance level called out previously for the past week. It's now beginning to drop, slowly and steadily, and the expectation is for it to touch the 1776 resistance level before dropping down to the 1758 support level. Our ultimate target remains 1680.

GoldHen_XAUUSD

We continue to wait for XAUUSD to fall, following the rise to the key resistance level of 1780. We may be holding here for some time, but a drop to the 1738 support level remains our initial focus.

GoldHen_XAUUSD

Gold has hit a key resistance level from February 2021, and appears to be lacking the momentum to push through. We’re therefore expecting our previously forecast drop down to 1680 to continue, with 1738 being our next key target level

GoldHen_XAUUSD

Continuing as expected, gold continues to follow bearish momentum down to the 1680 resistance level from March this year, bouncing off support / resistance levels on the journey.

GoldHen_XAUUSD

Gold appears to be in a bearish trend, after hitting key resistance at 1755. Expecting a drop down to 1680.