XAU/USD – Gold Weekly Analysis 13 February 2017

Comentarios desactivados en XAU/USD – Gold Weekly Analysis 13 February 2017


The crucial points are:


The price of gold has continued to rise reaching higher than 1220 level. After this bullish rally, the bulls seem to have lost momentum to keep moving upward, consequently the price has been trading within the price range of 1220 level of support to 1250 level of resistance. It should be noted that this could be a temporary pause and bulls might push the price higher again.

Charting outcome: Marginally bullish – Neutral      

INDICATORS (Computerized T.A)

The crucial points are:




The indicators are signaling that a strong uptrend has occurred. The moving averages have kept the same slopes, while both the positive and the negative dynamic have fallen. The trend dynamic has risen by +11.01%, whilst the market’s volatility has marginally fallen by -0.36%. The oscillators have remained into overbought levels.

Indicators outcome: Bullish – Marginally bullish    


The indicators and charting seem to confirm that the market is more likely to move in a positive way. However, if the price doesn’t breach the 1250.00 level of resistance, the market is possible to move in a neutral path as well. If the price appreciates higher than 1250.00 level, the next resistance is possible to occur at 1265.00 level. On the contrary, if the price breaks lower than 1220.00 level, the next support could occur at 1200.00 level.

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