XAU/USD Analysis: Depreciates to 1,275.00
|XAUUSD
During Wednesday morning hours, the yellow metal was resisted by the 200-hour simple moving average to push the gold to the 1,283.23 mark.
Most likely, the XAU/USD will be trading bellow the resistance level of the 200-hour simple moving average at the 1,275.00 level during the trading session.
However, the gold might appreciate against the US Dollar during today's US FOMC Meeting Minutes at 19:00 GMT to push the yellow metal to break through the resistance level. Watch out for the fundamental!
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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.