Xauusd Analysis 13 May Friday:-
XAUUSD ( GOLD ) breach. its important mark of 1830 and sustain below it. and closed below the critical. 200-Daily Moving Average (DMA). which was near $1,836 for the first time since February 3. We expect some bounce back form its resistance mark of $1835. if it holds above this mark. then we can see $ 1850 and $1875 in short-term. But overall trend of XAUUSD is bearish. If it breaches 1810 then the next relevant downside cap is seen at the $1,800 round figure below. which the February 3 low of $1,789 will come into play.