Gold XAU USD Will it continue rising ?

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BorseClub: In this article, we will list down the best trading position for this day including Gold XAU USD , Dow Jones, GBPUSD, EURUSD and WTI others.

Gold XAU USD Analysis:

In case of trading above the highest price at 1448.00   then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point. 1400 – 1448

Resistance point1558 – 1600

Chart of Gold XAU USD on 30 min time frame.


Dow Jones 

In case of trading below the lowest price at 28390 then the pair will continue to decline more. We prefer to wait for a small correction before entering short on this pair.

Support point.25850 – 25390

Resistance point28890 – 28000

Chart of Dow Jones on 30 min time frame.


EURUSD

In case of trading above the highest price at 1.0880 then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point. 1.0880 – 1.0575

Resistance point1.1163 – 1.1252

Chart of EURUSD on 30 min time frame.


GBPUSD

In case of trading above the highest price at 1.2204 then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point. 1.2204 – 1.1750

Resistance point 1.2309 – 1.2175

Chart of GBPUSD on 30 min time frame.


USDJPY

In case of trading below the lowest price at 109.35  then the pair will continue to decline more. We prefer to wait for a small correction before entering short on this pair.

Support point.104.43 – 105.05

Resistance point 108.50 – 109.35

Chart of USDJPY on 30 min time frame.

Dow Jones, GBPUSD,


AUDUSD

In case of trading above the highest price at 0.6670 then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point.0.6670 – 0.6520

Resistance point 0.6796 – 0.6867

Chart of AUDUSD on 30 min time frame.

Gold XAU USD Dow Jones, GBPUSD,


WTI

In case of trading below the lowest price at 63.50   then the pair will continue to decline more. We prefer to wait for a small correction before entering short on this pair.

Support point. 53.10 – 50.50

Resistance point 58.60 – 63.50

Chart of WTI on 30 min time frame.

Gold XAU USD Dow Jones, GBPUSD,


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