In the near term, and according to the 4-hour chart, the falling EMAs lead lower, now providing dynamic resistance around $1920.30.
The longer moving averages are still much higher than the shorter moving averages, while providing a downward slope, while technical indicators have bounced from intraday lows but are still in negative territory. pole.
In the end, Wall Street's positive tone finally interrupted USD's rally, helping OANDA:XAUUSD bounce from the aforementioned lows, although modest gains among equities capped the downside. US currency.
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SELL XAUUSD zone : 1920 - 1922
Stoploss : 1928
Take Profit : 1917 Take Profit : 1912 Take Profit : 1905