Gold Prices Plunge Towards August 2021 Lows, Where to?
Gold prices have been getting washed out this week so far. While losses have slowed recently, XAU/USD finds itself sitting just above lows from August 2021. That makes for a range of support between 1716 - 1722.
Still, getting there entails breaching 1731. The near-term 20- and 50-period Simple Moving Averages (SMAs) remain tilted lower, offering a downside bias. These may come into play as resistance in the event of a turn higher.
Clearing the August 2021 low would subsequently expose the 2021 low at 1676.
XAUUSD
Still, getting there entails breaching 1731. The near-term 20- and 50-period Simple Moving Averages (SMAs) remain tilted lower, offering a downside bias. These may come into play as resistance in the event of a turn higher.
Clearing the August 2021 low would subsequently expose the 2021 low at 1676.
XAUUSD
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.