XAUUSD continues to rise

6 gen 2020

The safe-haven assets continue to rise due to the tensions between the U.S. and Iran. U.S. Non-farm payrolls will be announced this week and the technical outlook in XAUUSD may change depending on this data flow. However, if the tensions further escalate between the U.S. and Iran, XAUUSD will probably increase further. 1584 and 1592 resistance levels are highly critical for the current price movements. If the upward movements exceed aforementioned levels, 1600 levels will be on our radar. In possible retreats, on the other side, 1560 and 1549 will be our support levels.