XAU/USD Pressured By 55- And 100- Hour SMAS

<p>On Monday, the XAU/USD exchange rate breached the short-term ascending channel south. During today’s morning, the rate touched the 1,695.00 level. Given that yellow metal is pressured by the 55– and 100-hour SMAs near 1,718.00, it is likely that some downside potential could prevail in the market. In this case the rate could decline to […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/290749-xau-usd-pressured-by-55-and-100-hour-smas-4/">XAU/USD Pressured By 55- And 100- Hour SMAS</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>