GOLD (XAU/USD): bouned from 200 SMA to above for the bullish trend to be resumed
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, 08-15-2022 at 06:50 PM (214 Views)
Gold prices surged after economic data fueled Fed pivot bets. XAU's rally, fueled partly by short covering, may end soon, especially if the Fed sends a stronger response to ardent investors.
The weekly price was bounced from 200 SMA at 1680 to above for the primary bullish trend to be resume if the price breaks 1814 resistance level to above with 1878 possible target to re-enter in the long term sotuation.
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