Xauusd gold trade opportunity
Updated
In a case where the Gold Price remains bearish past $1,930, the 200-day SMA, the middle band of the Bollinger and Fibonacci 38.2% on one-month, close to $1,915 by the press time, will act as the last defense of the XAU/USD buyers.
Alternatively, a convergence of the Fibonacci 38.2% on one-day and the middle band of the Bollinger on 4H, close to $1,945, guards immediate recovery of the Gold Price.
Following that, the Pivot Point one-day R3, 100-day SMA and Fibonacci 161.8% on one-day, will act as a tough nut to crack for the Gold buyers around $1,955.
Alternatively, a convergence of the Fibonacci 38.2% on one-day and the middle band of the Bollinger on 4H, close to $1,945, guards immediate recovery of the Gold Price.
Following that, the Pivot Point one-day R3, 100-day SMA and Fibonacci 161.8% on one-day, will act as a tough nut to crack for the Gold buyers around $1,955.
Note
Gold sell now from 1936Target 1928
Buy limit 1928
Target 1953
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