Gold Price Forecast: XAUUSD struggles to surpass the $1,845-$1,850 resistance zone
FXStreet · 21 Jun 2022 283 Views

Gold Price is replicating the recovery moves seen in Asia on Monday, although the critical 200-Daily Moving Average (DMA) at $1,844 remains a tough nut to crack, FXStreet’s Dhwani Mehta reports.

XAUUSD faces a wall of resistance around $1845-$1850

“Bulls are struggling just below the 200 DMA at $1,844. The next strong resistance is seen at the mildly bearish 21 DMA at $1,847. Buying resurgence above the latter could challenge the $1,850 psychological level. Daily closing above that price zone is need to take on the recent range highs near $1,858.”

“Friday’s low of $1,834 is the level to beat for XAU bears, below which a fresh downswing will kick off towards the $1,820 round level. The June 16 low of $1,816 will be next on sellers’ radars. The rising trendline support at $1,809 is the line in the sand for gold optimists.”

Affected Trading Instrument

*Risk Disclaimer: The content above represents only the views of the author. It does not represent any views or positions of DCFX and does not mean that DCFX agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the DCFX, DCFX does not assume any form of liability unless otherwise expressly promised in writing.

Recommend

USD/JPY: Kenaikan Lebih Lanjut Bisa Uji Kembali 134,20 – UOB

FXStreet · 9h 1.5K Views

USD/JPY Pertahankan Kenaikan Dekat Tertinggi Dua Minggu, di Sekitar Pertengahan 133,00 Jelang Data Inflasi AS

FXStreet · 9h 1.5K Views

USD/CAD: Penurunan di Bawah Terendah 1,35-an Targetkan Pengujian Support Tren di 1,3410/15 – Scotiabank

FXStreet · 12h 2.8K Views

Pratinjau PDB Kanada: Prakiraan dari Empat Bank Besar, Awal yang Kuat untuk Q1

FXStreet · 12h 2.5K Views

USD/CAD: Support 1,35 Bisa Hadapi Uji Serius Jika Data AS Lebih Lemah Dalam Beberapa Minggu Mendatang – TDS

FXStreet · 12h 2.8K Views

Kanada: PDB Riil Tumbuh 0,5% di Januari Dibandingkan Prakiraan 0,3%

FXStreet · 12h 2.8K Views

EUR/USD di 1,14 pada Akhir Tahun karena Sikap Hawkish ECB akan Berikan Pendorong untuk Euro – ANZ

FXStreet · 12h 2.7K Views

NZD/USD Diprakirakan Akhiri Tahun di 0,66 – ANZ

FXStreet · 12h 2.5K Views

EUR/USD: Pemulihan Kembali ke dan Melalui 1,0930 Diperlukan untuk Dapatkan Kembali Traksi Positif – Scotiabank

FXStreet · 12h 2.7K Views

EUR/USD: Data Tangguh AS Minggu Depan Dapat Mendorong Koreksi – MUFG

FXStreet · 12h 2.7K Views

EUR/USD Fokus pada 1,10, GBP/USD Seharusnya Mengikuti Dengan Menembus di Atas 1,25 – ING

FXStreet · 12h 2.6K Views

EUR/USD akan Kesulitan di Sekitar 1,05 di Semester Pertama, Rebound Menuju 1,10 pada Akhir Tahun – BofA

FXStreet · 12h 2.5K Views

Analisis Harga EUR/USD: Pembeli Mencari Validasi dari 1,0930 karena Data Inflasi Utama Membayangi

FXStreet · 12h 2.3K Views

Penjualan Ritel Jerman Turun 7,1% YoY di Bulan Februari vs. -5,2% yang Diharapkan

FXStreet · 12h 2.3K Views

EUR/USD Berada Dalam Jangkauan 1,0930 Tertinggi Minggu Lalu – Scotiabank

FXStreet · 12h 2.3K Views