Gold price remains under some selling pressure for the second successive day on Tuesday and drops to a fresh daily low, around the 1,931 area during the Asian session. The XAU/USD, however, manages to hold above a three-and-half-week low touched last Friday.
Gold is predicted to stay in a falling wedge
Support zone: 1928, 1922, 1912
Gold is predicted to stay in a falling wedge
Support zone: 1928, 1922, 1912
Trade active
Gold is still waiting for the momentum to move and break the support resistance areas
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.