XAU/USD
the Gold price grinds higher towards the key resistance confluence comprising the Fibonacci 38.2% on one month and Pivot Point one day R1, around $1,903.
Before that, Fibonacci 61.8% on one day could challenge the Gold buyers around $1,897.
On an immediate basis, Fibonacci 23.6% on one week guards the XAU/USD upside around $1,885.
Meanwhile, Fibonacci 61.8% on one month, close to $1,870, puts a floor under the Gold price.
In a case where XAU/USD remains weak past $1,870, it’s downturn towards the previous monthly low surrounding $1,825 can’t be ruled out.
Overall, the Gold price remains bearish unless staying below $1,905.
Before that, Fibonacci 61.8% on one day could challenge the Gold buyers around $1,897.
On an immediate basis, Fibonacci 23.6% on one week guards the XAU/USD upside around $1,885.
Meanwhile, Fibonacci 61.8% on one month, close to $1,870, puts a floor under the Gold price.
In a case where XAU/USD remains weak past $1,870, it’s downturn towards the previous monthly low surrounding $1,825 can’t be ruled out.
Overall, the Gold price remains bearish unless staying below $1,905.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.