XAUUSD ( GOLD ) PRICE PREDICTION ( 6 month high )

Nov 29, 2023

XAUUSD price trade at highest level in 6 month near $2052 wednesday. As per the RSI ( Relative Strength Index ), it show oversold zone on a 1 Day chart ( TF ). Resistance level of xauusd is $2052 ( highest point of 6 month high ), there is a higher chance of pullback in gold price. Support is seen in middle of the september high of $2022 which was the important resistance level in 1 day TF. If we talking about 50 & 200 simple moving average, it shows golden crossover it means 50 sma is cross the 200 sma from below. The golden crossover formation should keep downside cushioned for Gold price. On upside trend, If it is break the 6 month high $2052 then next level will be $ 2070 as a resistance level. The all-time high of $2079 will be next on gold buyers.