Gold Price Forecast: XAU/USD confirms bearish wedge, bearish breakdown to extend? Gold XAUUSD Technical Analysis
“Gold price yielded a rising wedge breakdown after closing Monday below the rising trendline support at $1,782. The downside break opens floors to test the mildly bullish 21-Daily Moving Average at $1,768. Further south, the $1,750 psychological level could be on Gold sellers’ radars.”
“On the upside, the immediate resistance is seen at the 200DMA at $1,790, above which the $1,800 mark will be a tough nut to crack for Gold bulls.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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