Gold Price Forecast: XAUUSD sees an easy path toward $1,750 and $1,745 – Confluence Detector Gold XAUUSD Fed Confluences Commodities
shows that the gold price is challenging the immediate resistance at around $1,764, which is the convergence of the Fibonacci 38.2% one-day, SMA5 four-hour and previous high four-hour.
Further up, the confluence of the pivot point one-day R1 and pivot point one-month R2 at $1,773 will be the level to beat for gold bulls. The next critical cap is seen at the meeting point of the psychological level and the pivot point one-day S1 at around $1,750. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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