Gold Holds 50-Day MA - Breakout Potential Remains
Gold has rallied back sharply after testing its 50-day MA near $2375 earlier today. The precious metal has yet to set a “lower low” since early June, keeping the near-term bullish momentum intact for now.
For this week, traders will be looking to see if XAU/USD can recover back to the $2450 level and ultimately break above the record high at $2485 to clear the way for a continuation toward $2600+ in time.
On the other hand, a close below today’s low and the 50-day EMA would erase the near-term bullish bias and shift the outlook to neutral for more consolidation between $2300 and $2400.
-MW
For this week, traders will be looking to see if XAU/USD can recover back to the $2450 level and ultimately break above the record high at $2485 to clear the way for a continuation toward $2600+ in time.
On the other hand, a close below today’s low and the 50-day EMA would erase the near-term bullish bias and shift the outlook to neutral for more consolidation between $2300 and $2400.
-MW
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.