Gold Price Targets: XAU/USD at Critical Resistance – Trade Outlook

• Gold prices breakout testing critical resistance- bulls at risk while below 1526

  黄金价格突破测试关键阻力位 - 风险多头低于1526

Gold prices are testing a critical resistance confluence at the late-2011 / 2012 lows and the puts the immediate long-bias at risk while below this key threshold. These are the updated targets and invalidation levels that matter on the XAU/USD charts this week.

黄金价格正在测试2011年末/ 2012年低点的关键阻力汇合点并且在低于此关键阈值时将立即长期偏见置于风险之中。这些是本周XAU / USD图表中重要的更新目标和失效水平。回顾这个我最新的策略网络研讨会，深入分析这个黄金交易设置等等。

Gold Price Chart - XAU/USD Daily

黄金价格走势图 - XAU / USD每日

Technical Outlook: In my latest Gold Price Weekly Outlook we warned that the, “gold breakout is getting deep with the advance now maturing towards long-term uptrend slope resistance targets. From at trading standpoint, look to reduce long-exposure / raise protective stops on a stretch towards trend resistance around 1522/26- a region of interest for possible near-term exhaustion.” Price briefly registered a high today at 1534 before pulling back with the advance now vulnerable while below 1526.

技术展望：在我的最新黄金价格周报我们警告称，“金价突破正在深入推进，目前正在走向长期上升趋势阻力目标。从交易的角度来看，我们期待在一段时间内减少长期风险/提高保护性止损趋势，以及1522 / 26-一个可能的近期疲惫地区的趋势阻力。”价格今日在1534点短暂高位回落在1526年以下，预付现在很脆弱。

Initial daily support rests at 1482 backed by 1451 with broader bullish invalidation now raised to 1433. A topside breach / close above the 1522/26 resistance zone is needed to keep the long-bias viable with such a scenario targeting 1558 and the 61.8% retracement of the decline off the 2011 record highs at 1585.

最初的每日支撑位于1482年，由1451支撑，更广泛的看涨无效现在升至1433。需要在1522/26阻力区上方突破上方/收盘以保持长期偏见可行，目标为1558，并且从1585年的2011年历史高位回落61.8％的回撤位。

Gold Price Chart - XAU/USD 120min

黄金价格走势图 - XAU / USD 120分钟

Notes: A closer look at gold price action shows XAU/USD breaching pitchfork resistance only to slam into critical resistance at 1522/26 in early European trade. The advance remains at risk while below this threshold and were on the lookout for an exhaustion pullback here. Weekly open support rests at 1497 backed by the Fibonacci confluence at 1482/83- look for a reaction there IF reached. A downside break targets the median-line backed by 1451/52- an area of interest for possible near-term exhaustion.

注：仔细研究金价行动显示XAU / USD突破干草叉阻力位，只是在欧洲早盘交易时触及1522/26的关键阻力位。在低于此门槛的情况下，预测仍处于风险之中并且正在寻找疲惫的回调。每周开放支撑位于1497支撑位1482/83处的斐波那契汇合 - 寻找IF到达的反应。下行突破的目标是由1451/52支撑的中线 - 可能是近期疲惫的利息区域。

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Bottom line: Gold prices are testing a critical resistance confluence at 1522/26 and were looking for a reaction up here. From a trading standpoint, a good spot to reduce long-exposure / raise protective stops. Be on the lookout for signs of exhaustion with a break below 1483 needed to suggest a larger correction is underway. Ultimately a larger setback would have us looking or more favorable long-entries closer to trend support.

底线：黄金价格正在测试1522/26的关键阻力汇合并正在寻找从交易的角度来看，这是一个减少长时间曝光/提高保护性停留的好地方。请注意1435以下的休息时间。 d建议进行更大规模的修正。最终会有更大的挫折让我们看起来更接近趋势支撑或更有利的长期参与。查看我们最新的黄金3Q预测，以便长期了解XAU / USD价格的技术图片。

Gold Trader Sentiment

黄金交易员情绪

• A summary of IG Client Sentiment shows traders are net-long Gold- the ratio stands at +1.7 (63.0% of traders are long) – bearishreading

  IG客户情绪摘要显示，交易者为净多头黄金 - 比率为+1.7（交易者持有的比例为63.0％） - 看跌

• Long positions are10.0% higher than yesterday and 15.2% higher from last week

  多头头寸比昨天增加10.0％，比上周增加15.2％

• Short positions are4.7% higher than yesterday and 13.0% higher from last week

  空头头寸为4。比昨天增加7％，比上周增加13.0％

• We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Traders are further net-long than yesterday & last week, and the combination of current positioning and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias from a sentiment standpoint.

  我们通常采取逆向观点来看待人群情绪，而且交易者净多头意味着现货黄金价格可能继续下跌。交易商比昨天和上周进一步净多头，目前定位和近期变化的结合使我们从情绪的角度看待现货黄金看跌的逆势交易偏差。