Bullish push for XAU/USD appears to be gaining momentum for further declines.
Gold prices look set to continue their downward trend for a third consecutive day as XAU/USD struggles amid the economic outlook and a strong dollar. Analysts are keeping a close eye on the support level at $1,805-$1,800, and if this fails, they predict a next bearish target of $1,775. Recovery attempts would need to see the precious metal break above strong resistance at $1,830, and further gains would likely involve overcoming the bearish 21-day moving average at $1,838.
(Visited 7 times, 1 visits today)
About The Author
