Xauusd down trend

21 באוג׳ 2023Gold price turns back-and-forth after recording a fresh swing low marginally below $1,885.00 on a daily time frame. For the past three weeks, each pullback move in the precious metal has been capitalized as a selling opportunity by market participants. The yellow metal trades below the 200-day Exponential Moving Average (EMA), which indicates that the long-term trend has turned bearish.

Momentum oscillators suggest that a bearish impulse is extremely strong, which will keep volatility on the higher side

Gold sell 1890
Target 1961