Exterminating the XAU/USD 4-hour chart, technical readings suggest easing optimism. Technical indicators remain within positive levels but offer bearish slopes, reflecting the ongoing selling. At the same time, the pair is breaking below converging and directionless 100 and 200 SMAs, while the 20 SMA keeps heading north below the current level, providing dynamic support at around $2,020.94.
Support levels: 2,020.95 2,011.40 1,995.35
Resistance levels: 2,032.50 2,045.20 2,064.90
Support levels: 2,020.95 2,011.40 1,995.35
Resistance levels: 2,032.50 2,045.20 2,064.90