- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD eyes $1,735 on a sustained break above 50 DMA at $1,724
Gold Price Forecast: XAU/USD eyes $1,735 on a sustained break above 50 DMA at $1,724
Gold price is attempting a bounce. As FXStreet’s Dhwani Mehta notes, XAU/USD is poised to challenge September highs at $1,735.
Critical support aligns at $1,700
“The bearish 50-Daily Moving Average (DMA) at $1,724 continues to limit the upbeat momentum. A firm break above the latter could revive bullish interest, calling for a test of the $1,730 round figure. The next stop for bulls will be seen at the September high of $1,735, above which the $1,750 psychological level will come into play.
“Sellers could test the previous critical resistance now support at $1,700 before approaching Tuesday’s low of $1,695. The horizontal 21 DMA at $1,682 will be targeted on the additional declines.”
See – Gold Price Forecast: XAU/USD to avert downtrend on heroic recovery north of $2,000 – TDS
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
