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- Gold Price Forecast: XAU/USD’s path of least resistance appears down, eyes on 2022 lows of $1,681
Gold Price Forecast: XAU/USD’s path of least resistance appears down, eyes on 2022 lows of $1,681
Gold price stays vulnerable. For how long can XAU/USD defend $1,700 support? FXStreet’s Dhwani Mehta reports.
More losses remain in the offing
“Sellers need a daily close below the $1,700 threshold to bring the 2022 low of $1,681 back in the spotlight. However, the $1,690 support area could impede the bearish momentum.”
“The immediate resistance is seen at the previous day’s low of $1,710, above which, $1,720 – the previous intermittent lows will be probed. Buyers will seek control above the latter, adding strength to the recovery towards the rising trendline support-turned-resistance at $1,745.”
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