XAU/USD may rise 36.00 – 51.00 USD
Our preference
The upside prevails as long as 4789 is support.
4,884.000 Resistance..
4,870.000 Resistance..
4,855.000 Resistance .
4,819.000 Last
4,789.000 Pivot
4,789.000 Support.
4,764.000 Support..
4,749.000 Support..
The RSI is above 70. It could mean either that prices are in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Gold is above its 20 and 50 period moving average (respectively at 4737 and 4686).
Alternative scenario
The downside breakout of 4789 would call for 4764 and 4749.
XAUUSDT
Безсрочно
4,762.65
+0.94%