XAUUSD # GOLD The Gold price retreats towards the short-term SR
XAUUSD # GOLD ANYALSIS .
The Gold price retreats towards the short-term key support surrounding $1,973, comprising 10-DMA and Fibonacci 38.2% on one day.
Should the XAU/USD bears manage to conquer the $1,973 support, Fibonacci 38.2% in one week joins the Pivot Point one-day S1 to highlight $1,964 as another important level to watch before giving control to the bears.
Further south, the $1,960 level including the previous monthly high acts as the last defense of the Gold buyers.
On the contrary, Fibonacci's 61.8% in one week joins the upper Bollinger bank on the four-hour to restrict the immediate upside of the Gold price.
Following that, Pivot Point one-day R1 could act as an extra check for the XAU/USD bulls around $1,993 before directing the Gold price towards the $2,000 psychological magnet.
The Gold price retreats towards the short-term key support surrounding $1,973, comprising 10-DMA and Fibonacci 38.2% on one day.
Should the XAU/USD bears manage to conquer the $1,973 support, Fibonacci 38.2% in one week joins the Pivot Point one-day S1 to highlight $1,964 as another important level to watch before giving control to the bears.
Further south, the $1,960 level including the previous monthly high acts as the last defense of the Gold buyers.
On the contrary, Fibonacci's 61.8% in one week joins the upper Bollinger bank on the four-hour to restrict the immediate upside of the Gold price.
Following that, Pivot Point one-day R1 could act as an extra check for the XAU/USD bulls around $1,993 before directing the Gold price towards the $2,000 psychological magnet.
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