#XAUUSD #GOLD at key support levels.
200DMA: 1791.73
50DMA: 1789.69
Monthly Open: 1783.40
Gold is currently holding support at key levels. It closed briefly below the 200DMA but held above the monthly open, which is just below the 200 and 50 DMA. If we close the week above the 200DMA, we could see Gold trading higher again from here.
A break and a close below the monthly open could potentially bring the support levels around 1680, and trendline from the August 2018 low back into play.
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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.