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Back Technical analysis
XAU/USD Price Analysis and Forecast: Gold Struggles to Recover Amid a Bearish Trend
Gold (XAU/USD) recovered slightly from the
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Gold (XAU/USD) recovered slightly from the weekly low reached earlier on Friday, but its upward potential remains limited amid prevailing bearish sentiment.From a technical perspective, repeated failures to consolidate above the 200-day Exponential Moving Average (EMA) throughout the week, followed by a subsequent decline in prices, indicate continued seller dominance.Additional downward pressure is confirmed by the Relative Strength Index (RSI), which remains near the 30 level, reflecting weak demand without clear signs of oversold conditions. At the same time, the
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Irina Yanina,
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