Gold Price Forecast: XAU/USD grinds higher toward $1815s on falling US yields, weaker USD Gold XAUUSD Metals Macroeconomics Technical Analysis
, which tracks the US Dollar performance against a basket of peers, diving 0.54%, at 103.901.
That said, XAU/USD’s first resistance would be the MTD high of $1,833.29. A breach of the latter will expose June’s high of $1,879.45, followed by the $$1,900 mark. As an alternate scenario, the XAU/USD first support would be $1,800. Break below would expose the 20-day EMA at $1,792.78, followed by the 200-day EMA at $1,765.98.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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