Dukascopy Bank Team
Dukascopy Bank SA
XAU/USD
On Thursday, the XAU/USD exchange rate declined to the 1,865.00 mark.
Given that yellow metal is pressured by the 55-hour moving average near 1,880,50, it is likely that some downside potential could prevail in the market within the following trading session.
In the meantime, it is unlikely that bulls could prevail in the market, and the price for gold could exceed the 1,900.50 mark due to the resistance provided by the 200-hour SMA.
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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