XAUUSD The main trend today is still down
XAUUSD The price started the day by breaking above the downtrend line resistance at $1,904 as it attempted to recover. For gold buyers to maintain momentum from multi-month lows, they need a daily close above this level.If this scenario comes to fruition, the next upside target would be $1,900. If that is achieved, there will be a significant resistance at the $1,908 round figure where the 200-day Moving Average (DMA) is sloping up.
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.