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XAU/USD Price Analysis and Forecast: Gold Bears Maintain Intraday Control
From a technical perspective, gold maintains
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From a technical perspective, gold maintains a short-term bearish bias despite the current recovery, remaining below the 200-day Simple Moving Average (SMA). Friday's volatility appears to be primarily driven by short-covering activity.The MACD indicator remains in negative territory, with its histogram positioned below the signal line and continuing to print negative readings. At the same time, the Relative Strength Index (RSI) is fluctuating near the 30 level, which marks the boundary of the oversold zone, indicating that downward pressure remains
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Irina Yanina,
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Irina Yanina
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