Technical analysis: Gold price falls below $2,400 with sellers eyeing $2,300

avatar
· 阅读量 228


Bullion extended its losses once it achieved a daily close below $2,400 on Wednesday, which exacerbated a drop to familiar levels. Short-term momentum favors sellers, as portrayed by the Relative Strength Index (RSI), which just pierced the 50-neutral line.

Therefore, the XAU/USD might continue to edge lower. If sellers drag prices below the 50-day moving average (DMA) at $2,359, the next support would be the July 25 daily low of $2,353. Once those levels are removed, the 100-DMA would be up next at $2,324, ahead of diving to the $2,300 mark


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。 来发表第一条观点吧。

  • tradingContest