Gold Price Forecast: XAU/USD eyes acceptance above $1,960 to initiate a fresh uptrend Gold XAUUSD Technical Analysis
“The 14-day Relative Strength Index is probing the overbought territory, suggesting that further upside remains in place for the bright metal.”
“Gold price needs to find acceptance above the immediate resistance near the $1,960 level in order to initiate a sustained uptrend toward the April 2022 high just shy of the $2,000 mark.”challenging the previous week’s high at $1,949, below which a fresh correction toward the $1,920 region cannot be ruled.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: XAU/USD remains on track to attack previous week’s low at $1,911Gold price has reversed early recovery gains and remains on the defensive this Tuesday. XAU/USD could see an extended correction, FXStreet’s Dhwani Me
Weiterlesen »
Gold Price Forecast: XAU/USD hits one-week low, hangs near $1,900 mark on stronger USDGold price extends its recent retracement slide from the vicinity of the $1,950 level, or a nine-month high touched last week and remains under some s
Weiterlesen »
Gold Price Forecast: XAU/USD bulls to remain interested as long as the $1,900 support holdsGold price failed to make a decisive move in either direction for the second straight week. In the view of FXStreet’s Eren Sengezer, bulls are set to
Weiterlesen »
Gold Price Forecast: XAU/USD’s upside hinges on Fed and NFPGold price registered gains in the first three days of the last week. However, the yellow metal lost its traction and erased its gains to close the we
Weiterlesen »
Gold Price Forecast: XAU/USD's time has come in a pivotal chorus of eventsGold price had given two-way business on Tuesday as markets get set for the Federal Reserve, Fed, at month-end making for a particularly choppy day. H
Weiterlesen »
Gold Price Forecast: XAU/USD fades rebound ahead of Federal Reserve Interest Rate DecisionGold price (XAU/USD) struggles to extend the previous day’s recovery beyond $1,930-28 as the market braces for the key Federal Reserve (Fed) verdict o
Weiterlesen »