Gold Spot / U.S. Dollar
Short
Updated

Gold

198
Technically, the daily chart for the XAU/USD pair shows it keeps posting higher highs and higher lows, which is in line with the dominant bullish trend. Technical indicators, in the meantime, remain within overbought levels, lacking clear directional strength yet heading north, suggesting buying pressure is still strong. Finally, the same chart shows Gold develops above all its moving averages, with the 20 Simple Moving Average (SMA) heading firmly north, roughly $100 below the current level.
Gold sell 2941
Support 2931
Support 2925
Trade active
1 support hit 100 pips done
Trade closed: target reached
Gold sell 150 pips running
Note
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