XAUUSD: Economic stability for gold to continue downtrend
Gold is facing difficulties in making significant progress on Thursday and is currently hovering close to its lowest point since mid-March, which was reached during the Asian session. The XAU/USD pair is trading around the 1,890 mark and appears to be exposed to potential risks following a bearish breakout below the crucial 200-day SMA overnight. This marks the first occurrence of such a break since November 2022.
Support levels: 1,896.30 1,888.30 1,879.95
Resistance levels: 1,915.30 1,9221 1,934.85
Support levels: 1,896.30 1,888.30 1,879.95
Resistance levels: 1,915.30 1,9221 1,934.85
Note
FULL TPTrade closed: stop reached
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Related publications
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.