From a technical perspective, the XAU/USD, so far, has managed to defend and hold above the 200-day Exponential Moving Average (EMA). The said support is currently pegged around the $1,907 area, which should now act as a pivotal point. This is followed by the $1,900 round figure, which if broken decisively will be seen as a fresh trigger for bearish traders and pave the way for further losses. The Gold price might then accelerate the slide further below the June monthly swing low, around the $1,893-$1,892 region, towards testing the next relevant support near the $1,870 horizontal zone en route to the $1,858-$1,857 region.
Gold Sell 1914
Target 1910
Target 1906
Target 1902
Sl 1924
Gold Sell 1914
Target 1910
Target 1906
Target 1902
Sl 1924
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80 PIPS second target hit keep hold sell
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Strongly hold
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120 pips all target hit
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