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XAU/USD. Price Analysis and Forecast. Gold may attract new sellers at higher levels
Gold was sold off today, breaking
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Gold was sold off today, breaking a four-day winning streak. From a technical perspective, the failed attempt to rise near the 200-period exponential moving average (EMA) on the 4-hour chart, combined with the level around $4,800, favors bears in XAU/USD.The Relative Strength Index (RSI) has fallen below 50 after exiting the overbought zone above 70, while the MACD indicator is retreating from recent highs, indicating weakening bullish pressure rather than a full reversal at this stage.Meanwhile, further decline below the
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Irina Yanina,
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