Trader_BrianFX

XAUUSD : End of the week at how much?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello everyone, do you think gold price this week will end in the number?

In my opinion, gold continues to grow increasing according to the long -term chart, but for short -term traders we need to consider the following number:

In terms of news: After newspaper of agricultural pH, gold not too much support, the price still increased compared to the early morning transaction but still limited below the mentality of $ 2300.

In terms of technical analysis, gold purchases decreased significantly when the Bollinger Band strip was captured horizontally in the stability under the resistance area and the support level was indicated at $ 2275. That means that in the short term, this precious metal can be adjusted and reduced more if the support level is broken.

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