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Gold Spot / U.S. Dollar
Short

XAUUSD

By Traders-Nino
Updated
Gold prices remain in the 1950 area, and the precious metal is experiencing a negative tone, which may be affected by Fed officials' resistance to interest rate cuts. After gold prices touched above 2,000 in early November, there were continuous corrections. In terms of strength, short sellers gradually exerted their strength. In the mid-term, it is subjectively judged that gold has the risk of retracing to test 1,900. Today it is recommended to continue shorting from 1958-1955.
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Still falling
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The key support level of 1940, if it falls below, will further increase the decline.
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The 1930 key support area, if it falls below, there will be a greater decline.
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Chart PatternsHarmonic PatternsTrend AnalysisXAUUSDxauusdanalysisxauusdlongxauusdshortxauusdupdates
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