Gold Price Forecast: XAU/USD current decline deems as a correction, bull trait remains intact – DBS Bank Gold XAUUSD Banks
Gold fancies a decline towards a near-term head-and-shoulders bearish top’s target at $1,906
“For now, at least from a weekly price perspective, gold remains bullish if it holds the $1,850/16 price zone. The former marks the drop from $1,992 at $1,850; trappings of a former neckline break and the latter hosts $1,816, a pivotal moving average level.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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