Gold Price Forecast: XAU/USD needs a daily close above $1,825 to beat triangle hurdle Gold XAUUSD Technical Analysis
“Gold bulls need a daily closing above the horizontal trendline resistance at $1,825. to validate an upside break for the ascending triangle, opening doors for a retest of the multi-month high at $1,833. Further up, the psychological $1,850 level will come into the picture.”
“Should the pullback from higher levels extend, Gold could revisit the previous day’s high at $1,800. The next critical support awaits at $1,794, which is the confluence of the rising trendline and the bullish 21-Daily Moving Average . Daily closing below the latter will confirm the downside break from the triangle, invalidating the bullish thesis.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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