Pick of the Day 14 April 2022 XAUUSD

　　

XAUUSD intraday: target 1957.50.

Pivot level: 1983.50.

Our preference:

target 1957.50.

Alternative scenario:

above 1983.50, look for 1993 and 1999.

Comment:

the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Gold is trading under its 20-period moving average (1978) but above its 50-period moving average (1972.50).

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.