XAUUSD potential test of $1800 and lower
Actualizado
Gold price is currently trading near $1806, extending a pullback from six months high. XAUUSD remains pressured below $1825 which is needed to regain for more upside for the bulls. Fundamentally, Gold weakness could be linked to easing optimism of China reopening after 3 year closure due to Covid-19. The US dollar moving higher as well. Currently we have a triple top near $1825 and clear reaction near $1833 with overbought conditions which offer a pullback for the commodity. Next Gold target is $1800 followed by $1790 area if broken.
Nota
Gold reached $1800 and you may book your profits.
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