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XAU/USD Price Analysis and Forecast: Gold Attempts to Hold the $4,300 Level
Today, gold fell below the round
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Today, gold fell below the round level of 4,300.From a technical perspective, the XAU/USD pair maintains a bearish bias, moving within a downward-sloping parallel channel and remaining below the 200-day SMA. An additional signal comes from the negative MACD dynamics, indicating strengthening downward momentum. The Relative Strength Index (RSI), hovering near the 30 level, reflects sustained selling pressure, although its proximity to oversold territory may limit further downside.The upper resistance boundary is located around the 200-day SMA at approximately $4,439,
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Irina Yanina,
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