2024-11-09 17:07
Na indústriaGold Price Tumbles With Sellers Eyeing $2,650
Gold price retreats from two-day peak near $2,700, a crucial level which was broken on Wednesday and buyers had remained unable to crack. If sellers keep holding firm and send prices below the November 6 low of $2,652, look for a push to challenge $2,639, ahead of testing the October 10 low of $2,603.
On the other hand, if Gold clears $2,700, buyers would eye the 20-day SMA at $2,718, ahead of $2,750, followed by the October 23 high at $2,758.
Momentum remains neutral as the Relative Strength Index (RSI) fluctuates around its neutral line, a sign that XAU/USD might lack clear direction and consolidate.
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Gold Price Tumbles With Sellers Eyeing $2,650
| 2024-11-09 17:07
Gold price retreats from two-day peak near $2,700, a crucial level which was broken on Wednesday and buyers had remained unable to crack. If sellers keep holding firm and send prices below the November 6 low of $2,652, look for a push to challenge $2,639, ahead of testing the October 10 low of $2,603.
On the other hand, if Gold clears $2,700, buyers would eye the 20-day SMA at $2,718, ahead of $2,750, followed by the October 23 high at $2,758.
Momentum remains neutral as the Relative Strength Index (RSI) fluctuates around its neutral line, a sign that XAU/USD might lack clear direction and consolidate.
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