Gold Price Pulls Back, XAU Bulls Show at Higher-Low Support

Gold Price Weekly Technical Forecast:

黄金价格周报技术预测：

• Gold prices have pulled back from last weeks bullish breakout to fresh six-year-highs, and buyers have come back to show higher-low support.

  黄金价格已从上周回落看涨突破至新的六年高位，买家回来表现出更高的低位支撑。

• With the ECB expected to cut rates later this week and the Fed expected to join the softer policy chorus next week, will Gold bulls continue to press the bid to fresh higher-highs？

  预计欧洲央行将在稍后降息本周和美联储预计将在下周加入较为温和的政策合唱，黄金多头是否会继续将收购压力推向新的高点？

Gold Prices Pullback From Fresh Six-Year-Highs

黄金价格从新的六年回落-Highs

Gold prices have moderated after last week‘s breakout. That bullish push showed-up with aggression last Thursday around some confusion in the US Dollar, with Gold bulls pushing the yellow metal up to fresh six-year-highs. The 1450 level was crossed, albeit temporarily, as a wave of USD-weakness showed through a number of markets. Friday morning trade saw that theme pull back, and Gold prices pulled back to find support around the 1421.22 level, which is the 50% marker of the 2012-2015 major move. This level had previously helped to define resistance and so far this same price has helped to hold support through this week’s open.

在上周突破后，黄金价格已经放缓。上周四围绕美元汇率出现一些混乱的看涨情绪出现上涨，黄金多头推动黄金上涨到新的六年高位。随着一系列市场出现美元疲软的波动，1450水平虽然是暂时的，但已经过去了。周五上午交易看到该主题回落，黄金价格回落以寻找1421.22附近的支撑位，这是2012 - 2015年重大举措的50％。这个水平以前曾帮助定义阻力，到目前为止，同样的价格有助于在本周开盘时获得支撑。

Gold Price Two-Hour Chart

黄金价格两小时图表

Chart prepared by James Stanley

James Stanley编制的图表

{12} James Stanley编制的图表 {12}

Taking a step back, and Gold prices are currently exhibiting support at prior resistance. For traders looking to move forward in an aggressive manner, this can keep the door open for bullish strategies with stop potential investigated underneath last Thursday‘s swing-low, taken from around the 1414 level on the chart; and if that doesn’t hold, bullish entries could be investigated lower, around the same 1400 level that came into play twice last week as support.

退一步，目前黄金价格在先前的抵抗中表现出支持。对于希望以积极的方式向前推进的交易者而言，这可以为看涨策略保持敞口，并且具有停止潜力调查了上周四的跌势，从图表中的1414附近走势;如果这种情况不成立，那么看涨的股票可能会被调低，大约相同于上周发布两次作为支持的1400水平。

Gold Price Eight-Hour Chart

黄金价格八小时图表

Chart prepared by James Stanley

Gold Prices Longer-Term

黄金价格较长期

Taking a further step back on the chart, and the zone of resistance that‘s currently helping to hold short-term support seems an imposing area on the chart. Despite last week’s push up to fresh six-year-highs, this zone has held weekly resistance for the past four completed weeks, and this is reason enough for bulls to keep risk controlled on topside continuation strategies. If this zone of resistance does currently restrain the advance, longer-term support could be sought out around 1375 and 1357.50. Above current prices, should that bullish breakout continue, the big area of attraction on the chart is a zone of confluent Fibonacci levels that runs from 1509-1527. Along the way, shorter-term resistance potential exists around 1462 and 1488.

进一步退回图表，目前有助于持有短期支撑位的阻力区似乎是图表上的一个重要区域。尽管上周推动新的六年高点，但该区域已经在过去四周完成了周阻力，这足以让多头将风险控制在上行延续策略上。如果这个阻力区目前确实抑制了上涨，那么可以在1375和1357.50附近找到长期支撑位。高于目前的价格，如果看涨突破继续下去，图表上的大吸引力区域是融合的斐波纳契水平区域，从1509-1527开始。在此过程中，短期阻力位于1462和1488附近。

Gold Price Weekly Chart

黄金价格周线图

Chart prepared by James Stanley

图表由詹姆斯·斯坦利编写