XAUUSD: $1,680 Gold Is One to Watch – Daily Price Action

XAUUSD (gold) is approaching a must-hold area for bulls. I mentioned it in yesterday’s video, but $1,680 is a confluence of support. It’s the intersection of a key horizontal level, descending channel support, and the 61.8% Fibonacci of the 2020 to 2021 range. If XAUUSD has any chance of turning this multi-month pullback into a bullish continuation, it will happen at $1,680.

This content was originally published here.

Rate:

0 out of 5 stars(0 ratings)

Subscribe to Our Newsletter

money for gold logo

Learn About Buying and Selling Gold for the Best Prices

Get the latest news and expert advice on Gold!

We don’t spam! Read our privacy policy for more info.

Leave a Reply

Related

In early 2021, Zenith introduced a new vision of its legendary El Primero chronograph that made a lot of noise, being…

Read more

Tom Lee gives the long-term bullish case for bitcoin and why it's better than goldPublished Thu, Feb 4 202112:07 PM…

Read more

Share Great Content for Our Resource Section

About

MoneyForGold.com is a resource site created for those looking to sell their personal collection of gold - whether it’s jewelry, coins, bars, antiques, etc., anything made from gold can be sold for quick cash. We encourage visitors to signup and share quality “Money For Gold” resources.

Have a question or comment? Email us at: contact@moneyforgold.com

Navigation
MoneyForGold.com
50% Complete

Learn Where to Sell Your Gold for the Best Prices

Free 3-Minute, Practical Stories Delivered to You Everyday!
Buy, Sell, Invest in Gold Today!