XAU / USD quotes continue to move within the correction and left the descending channel. At the time of the publication of the forecast, the price of GOLD is 1779 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1760 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1835.
Have a nice trade!
Have a nice trade!