Gold Price Forecast: XAU/USD bulls to remain interested as long as the $1,900 support holds Gold XAUUSD Technical Analysis
makes a daily close below $1,920, it could extend the downward correction toward the lower limit of the channel at $1,900. If the pair falls below that level and starts using it as resistance, this could be seen as a bearish development and attract sellers. In that scenario, $1,880 aligns as the next short-term support.”
“On the upside, static resistance seems to have formed at $1,950. Above that level, $1,960 and $1,980 could be seen as next hurdles. With these levels aligning outside the ascending channel, buyers could hesitate to bet on additional gains and await another downward correction.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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