Prospects for XAU/USD Technical Outlook
Gold spot prices saw a notable 1.10% surge on Friday, reaching a peak of $2,070 before retracing to $2,050. XAU/USD's intraday performance has been strong, surpassing the 200-hour SMA since last week's breakthrough above $2,020.
A pattern of higher lows on the daily charts has emerged since early October, finding support near $1,820, with the 200-day SMA providing crucial long-term support at $1,960.
The early December rally to all-time highs has left short-term gold bid prices elevated, raising the question of whether XAU/USD will retrace below $2,000 before potential downtrend patterns emerge.
A pattern of higher lows on the daily charts has emerged since early October, finding support near $1,820, with the 200-day SMA providing crucial long-term support at $1,960.
The early December rally to all-time highs has left short-term gold bid prices elevated, raising the question of whether XAU/USD will retrace below $2,000 before potential downtrend patterns emerge.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.