Gold price is upwardly biased, but it remains shy of retesting the $2,400 mark. For that to happen, buyers must reclaim April’s 26 high, the latest cycle high at $2,352. Once cleared, the next stop would be the $2,400 threshold, followed by the April 19 high at $2,417 and the all-time high of $2,431.
It should be said that momentum is on the side of bulls with the Relative Strength Index (RSI) standing above the 50 midline and aiming higher.
Conversely, if bears drag XAU/USD prices below $2,300, that could pave the way for a pullback toward the April 23 daily low of $2,291. Subsequent losses are expected beneath the March 21 daily high, which turned into support at $2,223, followed by $2,200
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
