XAU London Gold - The dollar is technically adjusted, and the short-term is expected to continue to fall

The dollar is technically adjusted, and the short-term is expected to continue to fall

The London gold trend, the technical chart sees that the RSI and the stochastic index have been significantly higher, and just on Thursday, the gold price initially broke the descending trend line formed in recent months, and it is expected that the gold price will have the opportunity to counterattack. If the latest wave of decline is calculated, the 23.6% and 38.2% rebounds are at 1,836 and 1,867 US dollars, and the expansion to 50% and 61.8% will be 1,892 and 1,917 US dollars. As for the nearer support, we will refer to the 1810 and 1800 US dollars first, and the next level will be 1785 US dollars.
                            
SPDR Gold Trust Gold holdings:
May 9 – 1,075.90 tons
May 10 – 1,068.65 tons
May 11 – 1,066.62 tons
May 12 – 1,060.82 tons
May 13 – 1,055.89 tons
May 16 – 1,053.28 tons
May 17 – 1,049.21 tons
May 18 – 1,049.21 tons
May 19 – 1,056.18 tons

Fixing price on the morning of May 19: 1825.55
Fixing price on the afternoon of May 19: 1844.00

London Gold May 20
Predicted early volatility: 1835 – 1848
Resistance: 1861 – 1874 – 1894
Support bits: 1828 – 1822 – 1809

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