Gold Price stays well beyond the short-term key support of around $1,897 comprising the Fibonacci 38.2% on one-week.
Also putting a strong floor under the XAU/USD price is the convergence of the 5-DMA and previous monthly low, around $1,905.
It’s worth noting that, Fibonacci 161.8% on one-day and 61.8% on one-week joins Pivot Point one-day S2 to add strength to the $1,905 support.
Also putting a strong floor under the XAU/USD price is the convergence of the 5-DMA and previous monthly low, around $1,905.
It’s worth noting that, Fibonacci 161.8% on one-day and 61.8% on one-week joins Pivot Point one-day S2 to add strength to the $1,905 support.
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