XAU/USD declines towards $1950 as USD Index recovers ahead of Blinken Jinping meet
Gold Price(XAU/USD) has printed afresh day's low at $1,952.00 at the US Dollar Index(DXY) has attempted a recovery in European Session.
Gold has sensed selling presure from the downward-sloping H&S PATTERN
THe 200-period Expotential Moving Average(EMA) at $1,966.70. is acting as a barricade for the Gold bulls, which indicates that the long-term trend is bearish.
Meanwhile, the Relative Strength Index(RSI)(14) is oscillating in the 40.00-60.00 range, portraying a lackluster performance
Gold Price(XAU/USD) has printed afresh day's low at $1,952.00 at the US Dollar Index(DXY) has attempted a recovery in European Session.
Gold has sensed selling presure from the downward-sloping H&S PATTERN
THe 200-period Expotential Moving Average(EMA) at $1,966.70. is acting as a barricade for the Gold bulls, which indicates that the long-term trend is bearish.
Meanwhile, the Relative Strength Index(RSI)(14) is oscillating in the 40.00-60.00 range, portraying a lackluster performance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.