The daily chart for XAU/USD shows it met buyers for a second consecutive day around its 20 Simple Moving Average (SMA), which lacks directional strength. Meanwhile, the 100 and 200 SMAs converge around $1,950 without clear slopes. At the same time, technical indicators stand within neutral levels, the Relative Strength Index (RSI) indicator flat, but the Momentum is still heading lower. Overall, the bearish potential seems limited as long as the bright metal retains the $2,030 base.
XAUUSD BUY NOW 2031
TARGET CONFIRM 2049
XAUUSD BUY NOW 2031
TARGET CONFIRM 2049
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60 pips done ✅
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80 pips running