After opening the week lower, gold prices have stabilized above the key 200-day Simple Moving Average (SMA) slightly below $1,920. In case this support remains intact ahead of next week's highly anticipated August inflation data from the US, investors may hesitate to bet on further XAU/USD weakness.
Support levels: 1,907.30 1,893.90 1,884.70
Resistance levels: 1,921.80 1,933.30 1,944.85
Support levels: 1,907.30 1,893.90 1,884.70
Resistance levels: 1,921.80 1,933.30 1,944.85
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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.