Gold struggles to gain momentum, staying below $1,960 on Friday after a rebound from the three-week low at $1,944. The U.S. 10-year Treasury yield, holding above 4.6%, limits upward potential for XAU/USD. The daily chart shows attempts to surpass the 23.6% Fibonacci retracement level at $1,962.20, with positive developments but forming lower highs and lows below the 20-day SMA. Technical indicators are mildly bullish but in neutral territory.
On the 4-hour chart, XAU/USD faces sellers near the declining 20-day SMA, pulling its average below the flat 100-day SMA. Breaking above these indicators could encourage buyers for higher intraday profits. Technical indicators point north within negative territory.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.