Yesterday, the XAU/USD exchange rate tumbled to the 1,905.00 mark.
From the one hand, it is likely that yellow metal could gain support from the 200-hour moving average near 1,904.00 and extend gains against the US Dollar in the short term.
From the other hand, it is likely that the exchange rate could be pushed down by the 55– and 100-hour SMAs in the 1,927.00/1,935.00 range. Thus, the price for gold could target the psychological level at 1,890.00.
Written by Admin
The PayPal app shown on an iPhoneKatja Knupper | DeFodi Images | Getty ImagesCheck out ...
The International Monetary Fund warned Tuesday that there's a risk inflation will prove to be ...
Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease (COVID-19), in ...