GOLD PRICE FORECAST: XAU/USD TO BREAK PREVIOUS HIGH OF $2,060 ON A REBOUND FROM CURRENT LEVELS – ANZ

avatar
· 阅读量 69




Gold sold off after reaching $2,060 early in May. Economists at ANZ Bank analyze XAU/USD technical outlook.

At critical trendline support

Currently, prices are consolidating near the trend line support of $1,950-1,960, which is also the 100-DMA. Moves from here will provide future price guidance.

If the price bounces from here, the uptrend is likely to continue toward the previous high of $2,060. This would increase the possibility of the price moving towards $2,100, as the bullish upward channel is pointing in that direction. 

If, on the other hand, the price falls below $1,950, it could trigger a sell-off and prices could fall to the next support of $1,800


风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
回复 0

暂无评论,立马抢沙发

  • tradingContest