Gold sits right on the 100MA

Gold Spot (XAUUSD)FXOpen

Description

⋅ Jul 21, 2023 1:56 AM

There may be resistance at the 1980 level but the 100 Daily moving average is right here asa support level. The stochastics are not favorable here though. The equities market may produce some flight to quality if the AI boom goes poof.

Comment

⋅ Jul 25, 2023 3:55 AM

100Ma failure. Now a cap.