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Back Technical analysis
XAU/USD. Analysis and Forecast
From a technical perspective, looking at
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From a technical perspective, looking at the 4-hour chart, gold is forming a downtrend, trading below all moving averages and confirming the dominance of sellers in the medium-term technical outlook. The 200-period SMA around $5070 is currently acting as a major resistance level.The Relative Strength Index (RSI) is in negative territory, indicating that bearish sentiment persists.In the event of a price recovery, a confident breakout above the 200-period SMA near $5070 would open the way for a test of the
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Irina Yanina,
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© 2007-2026
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