Sun, Apr 18, 2021 @ 12:39 GMT
Home Contributors Technical Analysis XAU/USD Trades Above 1,800.00

XAU/USD Trades Above 1,800.00

The XAU/USD exchange rate has raised to the 1,815.00 level.

It is likely that yellow metal could gain support from the 200-hour moving average near 1,805.00. Thus, the rate could re-test the upper line of the falling wedge pattern circa 1,8250.00 in the short run.

If the predetermined pattern holds, the exchange rate could reverse south and target the support provided by the 55– and 100-hour moving averages in the 1,790.00 area.

Dukascopy Swiss FX Group
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.

Featured Analysis

Learn Forex Trading