xauusdt

The XAU/USD pair is currently trading at $3,394.97, which is above key moving averages such as the 20-Day, 50-Day, and 200-Day moving averages. This indicates a bullish trend in the short term. The 61.8% Fibonacci retracement level at $3,452.51 is acting as a key support level, and the price is recovering above this level, indicating a potential for further gains. The MACD is positive, suggesting bullish momentum, and the RSI is at a balanced level, indicating that the momentum is neither overbought nor oversold. The short-term outlook for XAU/USD is positive, with a bias towards the upside, but traders should remain cautious of potential consolidation or correction in the near term. In conclusion, XAU/USD is currently trading in a bullish trend, with the price above key moving averages and Fibonacci levels. The immediate term suggests a positive outlook, but traders should monitor for potential consolidation or correction. XAU/USD Trend Analysis |code|Gold Price: USD|Date|market_code| |---|---|---|---| ||2392.7|20240722|| ||2403.1|20240723|| ||2421.45|20240724|| ||2364.2|20240725|| ||2386.1|20240726|| ||2391.1|20240729|| ||2390.25|20240730|| ||2426.3|20240731|| ||2454.55|20240801|| ||2469.85|20240802||