The bulls continue to lose their grip as XAU/USD slips further. At the time of writing, the price has taken a rather sharp dip to $1,712.30. The bearish indication is also supported by the fact that the price is moving below its 10-day and 50-day Simple Moving Average (SMA), which is represented by the blue and purple lines, respectively.#OPINIONLEADER#
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now