"Gold Continues Its Downward Slide" pour OANDA:XAUUSD par elveratrichellus

"Gold Continues Its Downward Slide"

Gold is testing around the $1,950 price level as XAU/USD faces downward pressure with a market readjustment regarding the Federal Reserve's (Fed) readiness to cut interest rates. XAU/USD is expected to continue its downward trajectory. The 4-hour chart shows technical indicators gaining bearish momentum below their midlines, with the Relative Strength Index (RSI) approaching oversold levels. Additionally, the 20-period Simple Moving Average (SMA) is crossing below the 100-period SMA, both around $1,975 per ounce. Finally, XAU/USD broke below the 23.6% retracement level from its most recent daily upswing, near $1,962.20. The corrective decline may extend towards the next Fibonacci support level at $1,933.26, while a break below this level would suggest a more sustained decline.

Transaction en cours

elveratrichellus

Publications connexes

Gold Falls in the Near Term

par elveratrichellus

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.