XAUUSD Analysis

Comex gold price trading flat since
yesterday as Christmas holidays are
approaching . Volumes are thin and
markets are slow . Major action can
be seen in cryptocurrency specially
in Bitcoin .

We will cover Bitcoin from next year
time to time . Currently gold has a
good hurdle on daily chart at 1272$ ,
if traders cut through this hurdle and
manage to hold price above our
resistance today .

Then expect gold price to fire upto
1280$ - 1288$ .

A good support on daily chart stands
at 1260$ , if traders breaks this major
base and manage to hold below our
support today .

Then expect good pressure on gold
price upto 1252$ - 1247$ .

Gold analysis conclusion : Comex
gold trend is flat for now .

Technical Analyst By

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Myanmar Every Lucky
Market Watch: 09:35 Hr
Current Market Price- 1267.35$
Merry Christmas &
Happy New year 2018