<p>With the US Fed raises key interest rate, investors were intended to buy golds and thus there was an ascending trend for the price of XAUUSD. However, according to the stochastic oscillator, it seems like the volume already hit the overbought line. Therefore, it shows an opportunity for short the gold, and the resistance level is &nbsp;&nbsp;1266 roughly. &nbsp;It is more likely to suggest to set a take profit price of 1266 for short position, and then go for a long.</p>

Potential Gain For XAUUSD

Dec 01 2020