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XAU/USD: Deeper Drop to be Expected on Firm Break of Key $1900 Support Zone

Gold price edged higher in European trading on Thursday, after hitting five-month low ($1889) in Asia. Wednesday’s close below key supports at $1900 zone (200DMA – $1905; Fibo 38.2% of $1614/$2080 – 1902; psychological – $1900 and former low of June 29 – $1892) generated strong bearish signal. Signal needs to be verified by sustained […] The post XAU/USD: Deeper Drop to be Expected on Firm Break of Key $1900 Support Zone appeared first on Action Forex... Read More

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Xau

Usd

Deeper

Drop

Expected

Firm

Break

1900

Support

Zone

Xau usd

Forex

Posted: Aug 17 2023, 10:59

Author Name: actionforex

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