Gold Price broke a one-month-old rising support line, now immediate resistance near $1,963, and helped bears cheer the first weekly loss in four. However, the 200-SMA joined the oversold conditions of the Relative Strength Index (RSI) line, placed at 14, to trigger the metal’s corrective bounce afterward.
However, the recovery moves also gain support from an impending bull cross on the Moving Average Convergence and Divergence (MACD) indicator.
Even so, a clear upside break of the aforementioned support-turned-resistance surrounding $1,960-65 becomes necessary to convince the Gold buyers.
Following that, a 10-week-old horizontal resistance of around $1,985 will act as the final defense of the XAU/USD bears.
On the contrary, the Gold Price pullback remains elusive beyond the 200-SMA level of near $1,942.
In a case where the XAU/USD remains bearish past $1,942, multiple levels around $1,930 and $1,900 round figure may test the Gold bears before directing them to the previous monthly low of around $1,893.
Overall, Gold Price lacks bullish bias but the bears need validation from $1,942 to retake control.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。