XAU/USD on its way to test $1900
XAU/USD Current price: 1955.89
XAU/USD bearish run far from over, with a test of $1900 cards.
XAU/USD is oversold in the near term. In the 1-hour chart, technical indicators stand at extreme levels, partially losing their bearish strength but without anticipating a potential bounce. At the same time, the bright metal trades far below all its moving averages, and with the 20 SMA heading firmly south below the longer ones.
XAU/USD Current price: 1955.89
XAU/USD bearish run far from over, with a test of $1900 cards.
XAU/USD is oversold in the near term. In the 1-hour chart, technical indicators stand at extreme levels, partially losing their bearish strength but without anticipating a potential bounce. At the same time, the bright metal trades far below all its moving averages, and with the 20 SMA heading firmly south below the longer ones.
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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.