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Spotlight on XAUUSD. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.
 

Gold

Looking at Gold’s chart, we can see that after it peaked at around $1850, it is currently traded at around $1837 with a possible correction towards its support level at around $1800-1820.

If it is able to hold above the level of $1800, then it could re-test its resistance level at around $1850 with a possibility to break through it, otherwise, it should further drop towards its next support level at around $1780.

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