Gold Price Forecast: XAU/USD poised to test 50DMA at $1,849 Gold XAUUSD Technical Analysis
“On the revival of selling interest,could resume decline toward the four-week low of $1,860. The next downside target is seen at the $1,850 psychological mark. The bullish 50-DMA hangs around that level.”
“On the other side, Gold's price will hurdle the $1,900 threshold. Acceptance above the latter is critical to recapturing the 21-DMA at $1,913. So long as XAU/USD is below the 21-DMA barrier, bears will likely maintain their control.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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