mark_115

Xauusd CPI gold fall further

Short
mark_115 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold price finds temporary support near the fresh monthly low of $1,916. The precious metal looks vulnerable and is expected to continue its downside move. After remaining consistently below the 20 and 50-day Exponential Moving Averages (EMAs), the yellow metal is declining toward the 200-day EMA around $1,917.00. Momentum oscillators are near the support region and a further downside would trigger a bearish impulse.

Gold sell zone 1922
Target 1916
Target 1910

Gold buy limit 1910
Target 1915
Target 1930
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