xauusd will hit below 1950 read the caption

On the flip side, the 100-day SMA, currently around the $1,993-1,992 area, could act as immediate support ahead of the $1,985 region, or a two-month low touched on Wednesday. This is followed by the very important 200-day SMA, currently pegged near the $1,967 area, which if broken decisively will be seen as a fresh trigger for bearish trades. The Gold price might then accelerate the fall towards an intermediate support near the $1,955-1,951 zone en route to the November 2023 low, around the $1,938-1,935 region.