Before that, Pivot point one-week R2, near $1,930, may test the XAU/USD buyers.
It’s worth noting that Pivot Point one-week R3 acts as an extra upside filter around $1,942.
That said, the previous weekly high joins the middle band of the Bollinger on the hours chart and Pivot Point one-month S1 to highlight $1,916 as an immediate support.
Following that, the 200-DMA and Pivot Point one-week R1 appears a tough nut to crack for the Gold sellers around $1,910.
Above all, the XAU/USD buyers remain on the table unless witnessing a sustained downside break of the $1,898 support confluence comprising the 5-DMA and Fibonacci 38.2% on one-week.
Gold Sell 1920
Target 1915
Target 1910
Target 1904
Sl 1931
It’s worth noting that Pivot Point one-week R3 acts as an extra upside filter around $1,942.
That said, the previous weekly high joins the middle band of the Bollinger on the hours chart and Pivot Point one-month S1 to highlight $1,916 as an immediate support.
Following that, the 200-DMA and Pivot Point one-week R1 appears a tough nut to crack for the Gold sellers around $1,910.
Above all, the XAU/USD buyers remain on the table unless witnessing a sustained downside break of the $1,898 support confluence comprising the 5-DMA and Fibonacci 38.2% on one-week.
Gold Sell 1920
Target 1915
Target 1910
Target 1904
Sl 1931
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40 pips running keep hold sell
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60 pips running keep hold sell
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90 pips running keep hold sell
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