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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).

Note: The information is provided for reference purposes only and doesn’t take into account your personal objectives, financial circumstances, or needs, and does not constitute investment advice. We encourage you to seek independent advice if necessary. VT Academy will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

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