XAU/USD: Deeper Drop to be Expected on Firm Break of Key $1900 Support Zone

<p>Gold price edged higher in European trading on Thursday, after hitting five-month low ($1889) in Asia. Wednesday’s close below key supports at $1900 zone (200DMA – $1905; Fibo 38.2% of $1614/$2080 – 1902; psychological – $1900 and former low of June 29 – $1892) generated strong bearish signal. Signal needs to be verified by sustained […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/514726-xau-usd-deeper-drop-to-be-expected-on-firm-break-of-key-1900-support-zone/">XAU/USD: Deeper Drop to be Expected on Firm Break of Key $1900 Support Zone</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>