XAU/USD Raised Above 1,850.00 

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<p>Yesterday, the XAU/USD exchange rate raised to the 1,845.00 level. During Wednesday morning, the rate tested the monthly R2 at 1,861.52. Note that yellow metal trades far above the 55-, 100– and 200-hour moving averages. Thus, it is likely that the rate is the overbought area, and some downside potential could prevail in the market. [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/312979-xau-usd-raised-above-1850-00/">XAU/USD Raised Above 1,850.00 </a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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