GOLD IS IN A REAL BATTLE BETWEEN BUYERS AND SELLERS. And the monthly chart is beginning to show an important contest that could shape the precious metal’s next moves.
After significant selling pressure, the price of gold was pushed down to the blue moving average. This area became a decisive point for the market. Sellers managed to push prices lower, but they encountered buyers willing to defend this price range.
Now, buyers have regained strength and are beginning to gain ground.
$XAUT $XAU $USD1
After significant selling pressure, the price of gold was pushed down to the blue moving average. This area became a decisive point for the market. Sellers managed to push prices lower, but they encountered buyers willing to defend this price range.
Now, buyers have regained strength and are beginning to gain ground.
$XAUT $XAU $USD1