Pick of the Day 01 April 2022 XAUUSD

　　

XAUUSD intraday: as long as 1929 is supported look for 1962.50.

Pivot level: 1929.00.

Our preference:

as long as 1929 is supported look for 1962.50.

Alternative scenario:

below 1929.00, expect 1917.00 and 1910.00.

Comment:

the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Gold is below its 20-period moving average (1938.90) but above its 50-period moving average (1932.70).

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