XAU/USD, in the meantime, retains the $2,900 mark but retreated from an intraday peak of $2,927.91. The daily chart shows the pair is up for a second consecutive day, with another leg north still in doubt. XAU/USD is currently battling to overcome a mildly bullish 20 Simple Moving Average (SMA) while the 100 and 200 SMAs recovered their upward slopes far below the current level. Technical indicators, in the meantime, advance with moderated strength and within neutral levels, not enough to confirm a higher
Trade active
Confirm Note
Confirm buy Note
Hold your trade
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.