The XAU/USD pair is being negatively affected by the moderate strength of the US Dollar. The Federal Reserve Chair, Jerome Powell, has stated that there may be two rate increases this year, and it is possible that the next policy meeting on July 25-26 could result in a lift-off. Powell also mentioned that he does not expect inflation to reach the Fed's 2% target...
I am expecting a new high of 1800 on Gold sl and tp are given in chart
XAUUSD Technical Overview: Pivot: 1188.20 Key Resistance: 1184.55 - 1188.20 - 1192.89 - 1196.48 Key Support: 1180.23 - 1176.45 - 1174.88 - 1171.43 Technical Indicator: RSI: The indicator having bullish divergence but moving under 50 level near to oversold condition. Moving Average: CMP 1182 Price moving under Simple moving average 100 & 55, sign for more...
XAUUSD Technical Overview: Pivot: 1193.70 Key Resistance: 1197.45 - 1200.25 - 1203.59 - 1207.89 Key Support: 1193.70 - 1190.55 - 1188.10 - 1184.22 Day Trading Range: 1186 - 1204 Technical Indicator: RSI: Indicator shows down side momentum, moving around below 50 level. MACD: MacD loosing bulls side power. Moving Average: SMA 55 (1200) & SMA 200 (1198)...