Gold Price Forecast: XAUUSD's technical picture suggests that the bullish bias stays intact Gold XAUUSD
“The Relative Strength Index indicator on the dailyretreated modestly after having climbed above 70 earlier in the week, suggesting that the latest decline is a technical correction rather than the beginning of a bearish trend.”
“Interim support seems to have formed at $1,750. In case XAUUSD falls below that level and starts using that level as resistance, it could extend its downward correction toward $1,720 and $1,700 .”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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