25 Feb 2015
XAU/USD further losses possible – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team shares the technical outlook and key levels for XAU/USD.
Key Quotes
“Looking long-term, Gold has experienced a high volatility and the price moved to a low at around $1158.”
“There doesn’t seem to be a reliable support level, as the price dropped during the last weeks almost by more than 100 dollars.”
“The CCI is showing that the the metal is moving under the Center line. The price touched once the highest Fibonacci resistance level (61.8). Further losses are possible.”
“Support Levels around 1158.82”
“Resistance Levels around 1303.11, 1346.40, 1784.53”
Key Quotes
“Looking long-term, Gold has experienced a high volatility and the price moved to a low at around $1158.”
“There doesn’t seem to be a reliable support level, as the price dropped during the last weeks almost by more than 100 dollars.”
“The CCI is showing that the the metal is moving under the Center line. The price touched once the highest Fibonacci resistance level (61.8). Further losses are possible.”
“Support Levels around 1158.82”
“Resistance Levels around 1303.11, 1346.40, 1784.53”