Our unique trading strategy has provided us with a technical analysis on the XAU-USD currency pair.
Market Scenario:We can observe one major level on the XAU-USD pair, a support at 1265.00 area.
In our opinion this is a strong support level and we are expecting to observe a bounce once price reaches this area.
AAATrade Market Research Department
Constantinos Aristophanous – CFTe,MSTA (Certified Financial Technician)
Georgios Hadjinicodemou – CFTe,MSTA (Certified Financial Technician)
For further inquires please don't hesitate to contact us at : dta@aaatrade.com
Risk Warning: Information contained herein are for general information purposes only and are not recommendations directly targeted to any specific trader to take any specific action and cannot guarantee profit. Past performance is not an indicator for future performance. The information and graphics presented herein have been obtained from sources deemed reliable, however, their accuracy cannot be guaranteed. The Company, representatives, employees and other contributors do not assume any liability for any losses incurred from using this information. Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such products is risky and you may lose all your invested capital. Please read more regarding our risk disclosure and warning notice.
Market Scenario:We can observe one major level on the XAU-USD pair, a support at 1265.00 area.
In our opinion this is a strong support level and we are expecting to observe a bounce once price reaches this area.
AAATrade Market Research Department
Constantinos Aristophanous – CFTe,MSTA (Certified Financial Technician)
Georgios Hadjinicodemou – CFTe,MSTA (Certified Financial Technician)
For further inquires please don't hesitate to contact us at : dta@aaatrade.com
Risk Warning: Information contained herein are for general information purposes only and are not recommendations directly targeted to any specific trader to take any specific action and cannot guarantee profit. Past performance is not an indicator for future performance. The information and graphics presented herein have been obtained from sources deemed reliable, however, their accuracy cannot be guaranteed. The Company, representatives, employees and other contributors do not assume any liability for any losses incurred from using this information. Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such products is risky and you may lose all your invested capital. Please read more regarding our risk disclosure and warning notice.
