XAU/USD Technical Levels on Multi Time frames 28th Dec 2019

XAU/USD Technical Levels on Multi Time frames 28th Dec 2019

XAU/USD Monthly Chart :


Gold Monthly Candlestick  Chart
Gold Monthly Candlestick  Chart 
As we can see Monthly resistance level 1557 and support is around 1364

Retest 1364 may possible if close below 1445.

Bulls will get active Closing above 1557 for the higher levels.

XAU/USD Weekly Chart :

XAU/USD Weekly Chart 
Gold is moving in a channel. Recently break above the channel . 

Weekly Resistance is around 1515

Bulls will get active above 1521 for the Target of 1534/1555.

Bears will get active below 1507 for the target of 1492/1483.

XAU/USD Daily Chart :

XAU/USD Daily Chart

On the daily frame, Doji candle has appeared which is a sign of uncertainty.

The sentiment is Bulls get tired on a higher level. 

XAU/USD Hourly Chart :

Gold Hourly Chart
Gold Hourly Chart 

Gold Hourly Neckline is around 1507.

Once can sell below 1507 for the target of 1503/1495.
SL 1515


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