XAUUSD Analysis
XAUUSD Analysis ( GOLD ) is not able to hold its important psychological resistance level of $ 1900 and come down. Now it is taking support of its upward slopping trend line. Which is near to $ 1880. If XAUUSD Analysis breech this supply zone then more correction might be seen towards next lower level of $ 1870 and $ 1850. For intraday purpose selling on higher level. And it would be below the $1,900 mark above this strategy would be changed . On the flip side, the $1,900 round figure now seems to act as an immediate strong resistance. Ahead of the $1,906-$1,907 region and Friday’s swing high, around the $1,920 zone. Sustained strength beyond could trigger a short-covering move towards the $1,930 region, above which the recovery momentum could get extended to the $1,962 resistance.
