The upward arrow points to the gold cross for the long term, on the daily chart of the XAU / USD
The price of gold sends buy signals in the daily charts. The price of leads to strong resistance at $ 1,251, after long-term moving averages produce the gold cross, confirming the short-term buy signal produced in the MACD indicator two weeks ago. The price is heading to a strong resistance located between $ 1,250 and $ 1,265, which coincides with the 38.2% indicator in Fibonacci setbacks in the weekly charts. Two weeks ago in the weekly charts, there was a clear buy signal in the MACD indicator, after the gold price was over sold in mid-December last year offering opportunities. The resistance at 1,250 dollars is very strong, the gold will test it in next sessions, to break it would give way to the next that is between $ 1,300 and $ 1,340. In the monthly charts, two months ago, after the victory of Donald Trump, there was a gold cross and the price for the long term still offers great opportunities, so if the global uncertainty continues, after the victory of the new American president , The price of gold could be around $ 1,400 between four and six months.
Prices are referenced with the BTC-e platformForecast date: February 02, 2017