Gold Price Analysis: XAU/USD 18th Jan 2021

Trading | 8 months ago


Gold Price Analysis: XAU/USD  18th Jan 2021 - tradeglobalmarket

Gold prices are likely to remain depressed as speculators have reduced their bullish position. Gold prices dropped to their lowest in 1-1/2 months on Monday. Spot gold XAU= fell 0.3% to $1,820.46 per ounce by 0048 GMT.

Gold has failed to break the medium-term support line so now buyers are looking towards 200-day simple moving average.


 

Important Information:

 Type

 Currency

 Group

 Exotic

 Base

 Gold Spot

 Second

 US Dollar

 1-Year Change

 17.08%

 Day's Range

 1,804.39 - 1,839.54

 52 wk Range

 1451.50 - 2073.41

 Prev. Close

 1,828.49

 Open

 1,862.42


 

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