Gold Price Forecast: XAUUSD bears eye $1,820 and $1,816 as next targets – Confluence Detector

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Gold Price Forecast: XAUUSD bears eye $1,820 and $1,816 as next targets – Confluence Detector
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Gold Price Forecast: XAUUSD bears eye $1,820 and $1,816 as next targets – Confluence Detector Gold XAUUSD Commodities Confluences YieldCurve

shows that Gold Price is approaching the strong support around $1,820, where the previous day’s low and the Bollinger Band four-hour Lower merge.

The next stop for bulls is aligned at the SMA10 one-day at $1,832, above which the Fibonacci 61.8% one-day at $1,835 will come to sellers’ rescue. 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. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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