HomeContributorsTechnical AnalysisDaily Technical Outlook And Review: XAU/USD

Daily Technical Outlook And Review: XAU/USD

Gold has almost closed the trading day above $1255 on Friday. The precious metal is still very well bid, and a daily close above $1255 signals that the rally could extend to $1280 in the near-term.

To the downside, solid support is now noted at $1243 and $1238.

IC Markets
IC Marketshttp://www.icmarkets.com/
IC Markets is revolutionizing on-line forex trading; on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals.

Featured Analysis

Learn Forex Trading

How to Identify Trendlines

Explaining Bullish Trend Reversals

Traits of a Successful Trader

Trading the Dollar With USDX