XAU/USD drops sharply below $1,960 as USD Index extends recovery
XAU/USD not-exiting from the consolidation might be start dropping again and start focusing on new resistance it might be possible as per my prediction and opnion.
Technical Analysis:
Gold price is consoliding in a range of $1,932-1,985 for the past three weeks on a four hour. The precious metal is struggling in delivering a decisive move amid ab adsence of potential trigger. Broadly,horizontal support is plotted from March 15 high at $1937. The magical 200-period Exponential Moving Average(EMA) at 1975 is acting as a strong barrier for the Gold bulls.
An oscillation in the 40.00-60.00 terrirtory by the Relative Strength Index(RSI) (14) indidactes a non-directional performance.
XAU/USD not-exiting from the consolidation might be start dropping again and start focusing on new resistance it might be possible as per my prediction and opnion.
Technical Analysis:
Gold price is consoliding in a range of $1,932-1,985 for the past three weeks on a four hour. The precious metal is struggling in delivering a decisive move amid ab adsence of potential trigger. Broadly,horizontal support is plotted from March 15 high at $1937. The magical 200-period Exponential Moving Average(EMA) at 1975 is acting as a strong barrier for the Gold bulls.
An oscillation in the 40.00-60.00 terrirtory by the Relative Strength Index(RSI) (14) indidactes a non-directional performance.
Penafian
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.
Penafian
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.