FX.co ★ king.zelda | XAU/USD, GOLD

GOLD The pair is trading in an uptrend, above the moving averages. There is a divergence on the indicator, indicating that it is trading in an uptrend and above the moving averages. This suggests a continuation of the uptrend. However, the presence of divergence on the chart also indicates a possible correction. If the resistance at 3192.82 is broken, the buying target will be the resistance at 3191.66. On the other hand, if the price falls below the moving averages and breaks the support at 2996.99, then the selling target will be the support at 2926.12.