Gold Price Analysis: XAU/USD
Technical Outlook for XAU/USD
Gold experienced a swift decline during Wednesday's trading session, pulling XAU/USD back from the $2,000 level to test $1,990, dropping below the 50-hour Simple Moving Average (SMA).
Despite Wednesday's price pullback, gold continued its upward momentum, with XAU/USD rising over 3% from the recent low near the 200-day SMA around $1,931. The $2,000 level proves to be a significant technical barrier, and the short-term trading range for spot gold will depend on whether the 200-day SMA can provide support for any declines towards $1,940.
Gold experienced a swift decline during Wednesday's trading session, pulling XAU/USD back from the $2,000 level to test $1,990, dropping below the 50-hour Simple Moving Average (SMA).
Despite Wednesday's price pullback, gold continued its upward momentum, with XAU/USD rising over 3% from the recent low near the 200-day SMA around $1,931. The $2,000 level proves to be a significant technical barrier, and the short-term trading range for spot gold will depend on whether the 200-day SMA can provide support for any declines towards $1,940.
Bài đăng liên quan
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.