Gold price (XAU/USD) repeats the typical pre-NFP consolidation as it slides from a four-month high to $1,798 during early Friday. In doing so, the yellow metal prints the first daily loss in four amid cautious markets.
Overbought conditions of the Relative Strength Index (RSI) line, placed at 14, triggered the Gold price retreat from a multi-day top. The pullback moves, however, remain elusive as the Moving Average Convergence and Divergence (MACD) indicator flashes bullish signals.
That said, the previous monthly top surrounding $1,787 restricts the immediate downside of the yellow metal ahead of highlighting the $1,757-55 support confluence including the 100-SMA and the resistance-turned-support line from November 15.
Following that, two-month-old horizontal support near $1,730 could act as the last defense of the Gold buyers.
Alternatively, an upward-sloping resistance line from early October joins the tops marked in August to highlight the $1,807 as the key hurdle to the north.
Have a good weekend ahead!
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.