TRADING CHANNELS XAU/USD WEEKLY

The weekly chart remains bearish . The level of $1,073 is critical support and if it is broken, it could push the price towards our longer-term target of $1,040 or 920. A bounce above $1,105 will find resistance at $1,130

XAU_USD Gold _ US Dollar

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk