Spot Gold XAUUSD Looks Lead to A Gain into 1871-1878

Spot gold may drop more into a range of 1821-1835, following its failure to break a resistance zone of 1871-1878.

Immediate resistance is at 1865, a break above which could lead to a gain into 1871-1879 range. On the daily chart, the drop on Tuesday was due to a resistance at 1877 the November 16, 2021 high.

A retracement analysis on the uptrend from 1754 suggests a target zone of 1816-1831. It must be noted that the uptrend remains intact within a rising channel despite the coming correction.

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#XAUUSD #gold #tradingsignal Trading Plan (16/2)

Buy 1827
SL 1809

TP1 1835
TP2 1845
TP3 1857
TP4 1869
TP5 1874

- Price Now: 1854
- US Retail Sales in next 9 hours
- CAD Core CPI in next 9 hours

*Your decision to use our signals entirely at your own risk.

Cuan Asia

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#XAUUSD #Gold Daily Level (16/2)

R3 1894.39
R2 1880.79
R1 1872.38

Pivot 1858.77

S1 1845.16
S2 1836.75
S3 1823.14

Price 1853.02
Open 1853.01
High 1853.35
Low 1850.40

Cuan Asia #fx