Post

Gold $XAU Technical Analysis and Price Forecast.


Gold plunge almost 3% after the US announce Non-farm Employment Change data. Gold gains some buying volume from 50 EMA. On the Head Start of the Monday gold opened with price decline at the time of writing this Gold is trading below $4,400.
Gold tested the keys Psychological Resistance price $4,700 and Fib level 0.5 last week and faced strong price rejection from this point and fall on the fib level of 0.786.
50EMA and 200 EMA are reacting as strong support, A day close below this support price could result in sharp decline. However a day close above $4,425 can bring back the bullish momentum. The Relative Strength Index RSI is at 50 on the level of neutral, aiming downward indicating that price may go more down.
#NFA✅ #dyor
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
XAUXAU-0.29%


Add a comment
Add a comment

Comment
bonar24
43 minutes ago
Gold will rise again, along with BTC when it rises.
0View Original
GateUser-378c4af2
an hour ago
thanks for the useful information
0
NOUICHI
5 hours ago
First Review
goooooood and nice 👌👍
0
View More