HomeContributorsTechnical AnalysisXAU/USD Remains Below 1,910.00

XAU/USD Remains Below 1,910.00

The XAU/USD exchange rate failed to exceed the resistance level formed by the monthly PP at 1,909.25.

It is likely that yellow metal could gain support from the 200-hour moving average near 1,883.00. Thus, the exchange rate could trade sideways within the following trading session.

In the meantime, note that the rate is pressured by the 55-hour moving average near 1,900.00. Thus, the price for gold could go downwards in the nearest future.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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