Gold price fades the previous day’s bounce off a one-month-old ascending support line, taking rounds to the 50-Simple Moving Average (SMA) level surrounding $1,928 by the press time.
Although the receding bearish bias of the MACD and multiple bounces off the aforementioned support line defends the XAU/USD buyers. Steady RSI (14) and recently sluggish momentum teases Gold sellers of late.
That said, a clear downside break of the stated support line, close to $1,920 by the press time, appears necessary for the Gold sellers to take entry.
Following that, the $1,900 threshold and the January 18 swing low near $1,896 could lure the XAU/USD bears.
Alternatively, Gold buyers need to cross the one-week-old horizontal hurdle around $1,945 to retake control.
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang