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Gold price forecast: XAU/USD bulls go for 2k
Gold prices are down on the week after rebounding off technical uptrend resistance with today’s post-FOMC rally paring a portion of the losses. While the broader outlook remains weighted to the topside, the advance may still be vulnerable here and we’re on the lookout for evidence of an exhaustion low in the weeks ahead. These are the updated targets and invalidation levels that matter on the XAU/USD weekly technical chart. chart Technical Outlook: In my last Gold Weekly Price Forecast we note that XAU/USD had responded to a critical confluence at, “the 1787-1807 support zone- a region that now includes the ... (full story)
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- Posted: Mar 23, 2023 12:44am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 196
