Gold Price Forecast: XAUUSD retains bullish potential while above 21-DMA at $1,947 Gold XAUUSD
Retest of 50-DMA at $1,936 remains inevitable if downside momentum resumesdeepens then a flight to safety theme will take over, which will revive XAUUSD’s safe-haven appeal. Also, concerns over elevated inflation will keep the demand for Gold Price alive as an inflation hedge.”
“A retest of the ascending 50-DMA at $1,936 remains inevitable if the downside momentum resumes. The April lows of $1,915 will be the last line of defense for XAUUSD.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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