XAUUSD The US economy remains resilient allowing the Fed to continue raising interest rates.XAU/USD is down for a second day in a row, though it managed to bounce off the aforementioned lows and trade around $1,190. Technical indicators exhibit moderate to bearish slopes in negative levels, maintaining downside risk.
In the short term, the bears have full control over XAU/USD. This pair develops below all its moving averages.
Support level: 1,903.00 1,892.95 1,877.10
Resistances: 1,922.50 1,930.70 1,945.20
You might consider Buy
XAUUSD around 1905 - 1908And my goal will be 1915 – 1929
You might consider Sell
XAUUSD around 1918 - 1915And my goal will be 1908 – 1894
Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
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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.