2019 August, 28, 05:16:38 AM

Gold Price Targets: XAU/USD Breakout Losing Steam– Technical Outlook

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By Dailyfx.com---

 

  • Gold prices in consolidation just above key pivot zone at 1522/26
  • Check out our 2019 projections in our Free DailyFX Gold Trading Forecasts
  • Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT

Gold prices rallied nearly 2% into the start of the week but closed just fractionally higher on the session yesterday after failing just ahead of resistance. The move leaves the immediate long-bias vulnerable in the near-term with the weekly opening-range now in focus. These are the updated targets and invalidation levels that matter on the XAU/USD charts this week. Review this my latest Strategy Webinar for an in-depth breakdown of this gold trade setup and more. Read full story

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