Gold Price Forecast: XAU/USD eyes $1,794 support within a potential falling wedge Gold XAUUSD
Daily closing above resistance at $1,821 needed to attempt a meaningful recovery
“XAU/USD is likely to test the falling trendline support at $1,794 after it breached several crucial demand area last week. At that level, the bullish 100-Daily Moving Average coincides. Ahead of that level, the $1,800 level will likely offer stiff resistance to Gold sellers.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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