• NSFX
• >
• Technical Analysis Reviews
• >
• XAUUSD

High:  Low: 

The ascending trend line has been regained, now the 21 period simple moving average is at the same level  of the demand line and this is the first support level at 1308.55. In area 1268 there is another support  and 1181 is the border between a sideline/bull market  and a continuation of the downtrend. The next resistance levels are 1320-1330 area, where a dynamic resistance and the 55 EMA daily have been already tested last month.   Above 1330 price could go up to 1422 and then to 1487.