FX.co ★ XAU/USD, GOLD

GOLD : Daily Chart. The instrument is trading slightly below the W1 resistance level at 4532.04. If the price moves upwards, the nearest target could be the level at 4678.70. If the price continues to move downwards and manages to break below the MN1 resistance level at 4319.37, the next downside targets could be: 4122.69, 4028.16, MN1 Sup: 3858.22.