Gold Price Forecast: XAU/USD could retest $1,900 but buyers may re-emerge, spurring volatility Gold XAUUSD Technical Analysis
“The bright metal dropped sharply to the $1,900 threshold on Tuesday but staged a solid comeback thereafter. This suggests that Gold price remains a ‘buy the dips’ trade from a short-term technical perspective.”
“Gold sellers need a daily closing below the bullish 21-Daily Moving Average at $1,907 to extend the correction from nine-month highs of $1,949. The last line of defense for Gold buyers stands at the $1,900 level, below which floors will open up toward the January 11 low of $1,867.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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