The XAU/USD is at a crossroads
The daily chart of the gold price against the US dollar reaches a critical level in setting the future scenario.
The XAU/USD pair has moved higher for four days after visiting support at the $1784 price level. At the moment, the price reaches the 200-day simple moving average and the downtrend line, which limits the technical figure (A) above.
A breakout to the upside has a first target at the $1860 price level, then a second one at $1909 and the third one at $1952.
If the technical hurdle holds, the first downside target is at the $1800 price level, then the second at $1784 and the third at $1748.
The MACD on the daily chart shows the potential for a bullish crossover of the moving averages. However, the proximity of the indicator's neutral level augurs that such a path will not be easy.
The XAU/USD pair has moved higher for four days after visiting support at the $1784 price level. At the moment, the price reaches the 200-day simple moving average and the downtrend line, which limits the technical figure (A) above.
A breakout to the upside has a first target at the $1860 price level, then a second one at $1909 and the third one at $1952.
If the technical hurdle holds, the first downside target is at the $1800 price level, then the second at $1784 and the third at $1748.
The MACD on the daily chart shows the potential for a bullish crossover of the moving averages. However, the proximity of the indicator's neutral level augurs that such a path will not be easy.
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.
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.