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XAUUSD Technical Analysis

On the daily chart below for XAUUSD, we can see that the bullish momentum has been waning trading into the major resistance at 2087 set in 2020. The price is now testing the red long period moving average which has been acting as support in the past few days. We are likely to see more selling pressure if the price breaks below it. The buyers should be leaning on this level targeting another push to the upside. In case we get a deeper pullback, the blue trendline will be the target for the seller... Read More

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Xauusd

Technical

Analysis

Forex

Posted: Apr 19 2023, 10:23

Author Name: forexlive

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