FX.co ★ XAU/USD, GOLD

GOLD / Gold / XAUUSD Greetings colleagues. Gold has been moving north on the daily chart recently. On Friday, there were also purchases in gold. Let's try to determine the further price movement of gold, whether the upward trend will continue or if changes are expected. Let's see what the technical analysis recommends for gold on Monday. Moving averages - strongly buy, technical indicators - strongly buy, conclusion - strongly buy. Technical analysis suggests an upward movement on Monday. Purchases will likely reach the resistance level of 3100.00. Sales, on the other hand, may reach the support level of 3075.00. Therefore, I expect the price of gold to move north, but I do not rule out a sideways movement. This is roughly the trading plan for gold on Monday. Good luck to everyone.