Description
Gold (XAU/USD) surged to a six-day high of $4,070 following the U.S. midterm elections, bringing buyers face-to-face with critical trend resistance. The rally is testing the 20-day moving average near $4,075 and a descending trendline, raising the possibility of a bullish reversal.
This gold price forecast examines the importance of reclaiming $4,082–$4,098 and the higher resistance levels at $4,155 and $4,217. Can gold confirm a trend reversal, or will sellers regain control?
For the full article:
https://www.fxempire.com/forecasts/article/gold-xau-usd-price-forecast-post-election-rally-tests-critical-resistance-1642618/
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