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Gold sold off after reaching $2,060 early in May. Economists at ANZ Bank analyze XAU/USD technical outlook.
Currently, prices are consolidating near the trend line support of $1,950-1,960, which is also the 100-DMA. Moves from here will provide future price guidance.
If the price bounces from here, the uptrend is likely to continue toward the previous high of $2,060. This would increase the possibility of the price moving towards $2,100, as the bullish upward channel is pointing in that direction.
If, on the other hand, the price falls below $1,950, it could trigger a sell-off and prices could fall to the next support of $1,800
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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