Gold price is challenging the critical support-turned-resistance at $1,925, which is the meeting point of the 21- and 200-Daily Moving Averages (DMA).
A firm break above the latter is needed to unleash additional recovery toward the 50 DMA at $1,930. Further upside will hinge on acceptance above the 50 DMA, with eyes on the $1,950 barrier next.
Xauusd Buy :1924
TP. : 1930
TP. : 1940
TP. : 1950
SL. : 1914
A firm break above the latter is needed to unleash additional recovery toward the 50 DMA at $1,930. Further upside will hinge on acceptance above the 50 DMA, with eyes on the $1,950 barrier next.
Xauusd Buy :1924
TP. : 1930
TP. : 1940
TP. : 1950
SL. : 1914
Note
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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.