HomeContributorsTechnical AnalysisXAU/USD Remains Below 1,875.00

XAU/USD Remains Below 1,875.00

As apparent on the chart, the XAU/USD exchange rate failed to surpass the 1,875.00 level.

It is likely gold could gain support from the 100– and 200-hour moving averages near 1,850.00 and trade upwards in the short term. In this case the price for gold could target the psychological level at 1,890.00.

However, if the 1,875.00 mark hold, the yellow metal could trade sideways against the US Dollar within the following trading session.

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Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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