XAU/USD Forecast
Immediate support is now visible at the horizontal 200-day SMA at $1,935, below which the confluence of the 50-day and 100-day SMAs around $1,925 will come into play. Daily closes below this level would initiate a new downward trend towards the January 16th low of $908.
In an attempt to recover, gold buyers have reclaimed the 21-day SMA at $1,964 on a sustainable basis. The next related resistance barrier is seen at the triangle reversal support line at $1,987. Furthermore, Monday's peak at $1,993 will be challenged.
In an attempt to recover, gold buyers have reclaimed the 21-day SMA at $1,964 on a sustainable basis. The next related resistance barrier is seen at the triangle reversal support line at $1,987. Furthermore, Monday's peak at $1,993 will be challenged.
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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.