Tue, Dec 01, 2020 @ 08:15 GMT
Home XAU/USD Analysis: Remains Below 1,915.00

XAU/USD Analysis: Remains Below 1,915.00

On Monday, the XAU/USD exchange rate reversed south from the 1,915.00 level.

Given that yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,905.00 area, it is likely that some downside potential could prevail in the market. The price for gold could target the 1,890.00 mark.

In the meantime, note that the exchange rate could gain support at 1,900.00. Thus, gold could trade sideways against the US Dollar within the following trading session.

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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