XAU/USD, aka the price of gold, is eyeing the $1300 level and trading around $1292. The precious metal is sought after as a safe-haven asset in times of trouble. New reports about Russia’s interference in the US elections, worries about global growth and other factors boost the Japanese yen and also gold. At current levels, XAU/USD is very close to the $1294 level that was a peak in early April. Beyond this barrier, we are back to the levels seen in the US elections in early November. XAUDUSD big levels The next level to watch is $1308, which served as support in July 2016 and also temporary resistance in November 2016. Above this, we find $1336, the swing high around the US elections. The next levels on the topside were all levels of resistance back in the summer of 2016. $1352 was seen in early September. $1368 capped the pair in August and $1375 is already very strong resistance, holding down the metal in July. Beyond $1375, we need to look back at highs seen in early 2014, more than three years ago, and that is $1400. If we look down, $1278 worked in both directions in the past but isn’t that strong now. $1240 served as support in March 2017 and is already a stronger level. $1210 was a higher low back in Apri. Another higher low is $1195. Further below we find $1142, which temporarily capped gold in December 2016. The last level is $1120, where XAU/USD bottomed out in also in December. More: Trading the Trump scandals and not improbable impeachment Here is the daily chart Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next USD/JPY: Testing The Bottom Of The Trump Range; Whats Yohay Elam 6 years XAU/USD, aka the price of gold, is eyeing the $1300 level and trading around $1292. The precious metal is sought after as a safe-haven asset in times of trouble. New reports about Russia's interference in the US elections, worries about global growth and other factors boost the Japanese yen and also gold. At current levels, XAU/USD is very close to the $1294 level that was a peak in early April. Beyond this barrier, we are back to the levels seen in the US elections in early November. XAUDUSD big levels The next level to watch is $1308, which served as… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
