XAU/USD Pressured BY 55-Hour SMA

<p>On Thursday, the XAU/USD exchange rate raised to the resistance formed by the 100– and 200-hour SMAs, as well the monthly PP in the 1,720.00 area. During today’s morning, the rate reversed south. Given that yellow metal is pressured by the 55-hour moving average near 1,710.00, it is likely that some downside potential could prevail […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/301035-xau-usd-pressured-by-55-hour-sma-5/">XAU/USD Pressured BY 55-Hour SMA</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>