Gold Spot / U.S. Dollar

Chance for XAUUSD/XAGUSD to reach 79.374 level soon

Updated

Fib projection off today's move against possible retrace suggests continued move to 79.374 level in next few trading sessions. The downward trend line appears to suggest the same with a downward sloping bearish pennant.

Note

The RSI indicator for XAUUSD appears at max further supporting this view in favour of silver.

Note

See chart by Whit3BoyRob of Gold Spot/ U.S. Dollar with RSI at max

Note

Reached 78.793 level.

Note

Next targets:

78.447
76.244
75.167
72.x

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.