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XAU/USD Price Forecast – Test the 50-DMA near $1900

XAU/USD Price Forecast – Test the 50-DMA near $1900

XAU/USD Price Forecast Test the 50 DMA near $1900

XAU/USD Price Forecast:-
XAU/USD Price Forecast test the 50 DMA near $1900 ( GOLD). It is in daily chart showing selling pressure. Yesterday it made a high of 1944. But not able to break its major resistance of 1950 and came down. Today again it is challenging. The lower boundary of the recent trading range near the $1,915 region. A sustained break below the latter. It will call for a test of the ascending 50-. Daily Moving Average at $1,903. The next critical support is seen at the March. 29 low of $1,890.” “Fed’s policy expectations take center stage heading. Into the release of the March meeting’s minutes. All eyes will remain on the Fed officials’ debate. About the prospects of aggressive tightening in the coming months. while any hints on the balance sheet reduction. It will be also closely eyed.” It has major resistance of 1950$. above this mark it can test $1960.
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