Short-Term Technical Analysis for XAUUSD – Bearish Outloo

11 בדצמ׳ 2023

The short-term technical analysis for XAUUSD suggests a bearish outlook based on key indicators. The price is currently hovering around the Simple Moving Average (SMA) 200 on the H1 timeframe, and the Relative Strength Index (RSI) is at approximately 40, indicating a relatively low level. This analysis anticipates a decline in price towards the $1950 USD mark.