XAU/USD
Spot gold recovered foothold and rose on Friday, following a shallow dunk in beyond two days. Close term activity has laid out above 200DMA that adds to bullish close term predisposition, but it is as yet running between 200DMA ($1839) and $1867 (Fibo 38.2% of $1998/$1786).
The metal is on target for the second sequential bullish week after week close, expanded by more fragile dollar that adds to positive close term tone.
Arrangement of 10/200DMA brilliant cross and rising 14-d force arising into a positive area, support the activity, however bulls need affirmation on supported break above $1867 turn that will flag bullish continuation and uncover targets $1886/92 (100DMA/half retracement of $1998/$1786) and mental $1900 hindrance.
Res: 1867; 1874; 1886; 1892.
Sup: 1848; 1839; 1836; 1810.
Interested in XAU/USD technicals? Check out the key levels
- R31869.86
- R21862.13
- R11856.46
PP1848.73
- S11843.06
- S21835.33
- S31829.66
