Gold continues to move sideways
Hello dear friends!
Gold prices today continue to hover around the 2038 USD mark and are still facing resistance below the 2038 USD level. The daily chart of the XAU/USD pair maintains a bullish bias as the 34-day EMA is reversing its trend and is positioned above. However, it is unlikely that the precious metal will experience any significant breakthroughs as the market remains subdued ahead of the holiday season.
Resistance level: 2042 USD Support level: 2018 USD
Any breakout above or below these levels will accelerate the new upward or downward movement of gold!
What are your thoughts on this?
Gold prices today continue to hover around the 2038 USD mark and are still facing resistance below the 2038 USD level. The daily chart of the XAU/USD pair maintains a bullish bias as the 34-day EMA is reversing its trend and is positioned above. However, it is unlikely that the precious metal will experience any significant breakthroughs as the market remains subdued ahead of the holiday season.
Resistance level: 2042 USD Support level: 2018 USD
Any breakout above or below these levels will accelerate the new upward or downward movement of gold!
What are your thoughts on this?
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