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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.
XAU/USD (Gold) is above our strong ascending trend line and in a bullish channel. We are buying on strong support at 1239.91 (ascending support, bullish channel, fibonacci retracement, fibonacci extension) for a bounce up to 1256.65 as our profit target. Our stop loss is at 1234.29.
