XAU/USD
Editorial
Gold Forecast and News
Gold meets daily resistance around $3,250
Gold regained momentum on Monday, climbing toward the $3,250 mark per troy ounce in response to a cautious market tone. In fact, investors sought safe-haven assets in response to Moody’s downgrade of the US government’s credit rating and renewed trade concerns.
Latest XAU/USD News
Gold unable to break above key resistance level at $3,245 despite surging uncertainties
By Filip Lagaart | 12:36 GMT
Gold rises as downgrade of US credit rating increases safe-haven demand
By Haresh Menghani | 08:51 GMT
India Gold price today: Gold rises, according to FXStreet data
By FXStreet Team | 04:35 GMT
XAU/USD Technical Overview
XAU/USD
3236.75
Charts by TradingView Lightweight Charts
Technically, Gold price remains exposed to further downside risks as the 14-day Relative Strength Index (RSI) sits beneath the midline, near 48.50.
The bright metal remains capped between the 21-day Simple Moving Average (SMA) at $3,299 and the 50-day SMA at $3,169.
So long as the price stays above the throwback support of the 50-day SMA, a brief recovery toward the 21-day SMA remains in the offing.
Acceptance above that level will add legs to the upswing, exposing the falling trendline resistance at $3,407.
On the downside, if sellers manage to crack the 50-day SMA on a sustained basis, a fresh sell-off could be fuelled toward the $3,100 mark.
The April 10 low of $3,072 would then come to the rescue of buyers.
XAUUSD buy signal 3235
Support 3260
Support 3300
Resistance 3200
Resistance 3180
Editorial
Gold Forecast and News
Gold meets daily resistance around $3,250
Gold regained momentum on Monday, climbing toward the $3,250 mark per troy ounce in response to a cautious market tone. In fact, investors sought safe-haven assets in response to Moody’s downgrade of the US government’s credit rating and renewed trade concerns.
Latest XAU/USD News
Gold unable to break above key resistance level at $3,245 despite surging uncertainties
By Filip Lagaart | 12:36 GMT
Gold rises as downgrade of US credit rating increases safe-haven demand
By Haresh Menghani | 08:51 GMT
India Gold price today: Gold rises, according to FXStreet data
By FXStreet Team | 04:35 GMT
XAU/USD Technical Overview
XAU/USD
3236.75
Charts by TradingView Lightweight Charts
Technically, Gold price remains exposed to further downside risks as the 14-day Relative Strength Index (RSI) sits beneath the midline, near 48.50.
The bright metal remains capped between the 21-day Simple Moving Average (SMA) at $3,299 and the 50-day SMA at $3,169.
So long as the price stays above the throwback support of the 50-day SMA, a brief recovery toward the 21-day SMA remains in the offing.
Acceptance above that level will add legs to the upswing, exposing the falling trendline resistance at $3,407.
On the downside, if sellers manage to crack the 50-day SMA on a sustained basis, a fresh sell-off could be fuelled toward the $3,100 mark.
The April 10 low of $3,072 would then come to the rescue of buyers.
XAUUSD buy signal 3235
Support 3260
Support 3300
Resistance 3200
Resistance 3180
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.
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.