From a technical perspective, the XAU/USD, so far, has managed to defend and hold above the 200-day Exponential Moving Average (EMA). The said support is currently pegged around the $1,907 area, which should now act as a pivotal point. This is followed by the $1,900 round figure, which if broken decisively will be seen as a fresh trigger for bearish traders and pave the way for further losses. The Gold price might then accelerate the slide further below the June monthly swing low, around the $1,893-$1,892 region, towards testing the next relevant support near the $1,870 horizontal zone en route to the $1,858-$1,857 region.
Gold Sell 1914
Target 1910
Target 1906
Target 1902
Sl 1924
Gold Sell 1914
Target 1910
Target 1906
Target 1902
Sl 1924
Note
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80 PIPS second target hit keep hold sellNote
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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.