Gold Price Forecast: XAU/USD to hit $1,900 as Impending Golden Cross reinforces bullish interests Gold XAUUSD Technical Analysis
“Gold price is awaiting a fresh catalyst to earn acceptance above the multi-month peak of $1,880. The next stop for Gold bulls is seen at the $1,900 threshold, above which doors will open toward May 2022 high at $1,910.”
“The upward-sloping 50-Daily Moving Average has pierced through the flattish 200DMA for the upside. If the 50DMA closes Tuesday above the 200DMA, it would confirm a Golden Cross and strengthen the near-term bullish bias for“Gold sellers could fight back control on rejection at the $1,880 level, prompting a corrective pullback toward the previous day’s low at $1,865.
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