DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

DAILY XAU/USD

Support & Resistance: R1: 1795
From the daily chart, the price has reached the resistance level. Traders can trade short positions when the price holds below the resistance level.

H4 XAU/USD

Support & Resistance: R1: 1795
Traders can trade a short position after it reaches the resistance level or it breaks the support level.