fxstreet.com 17 Feb, 2021 08:00 am

XAU/USD to reaffirm the bearish bias on a break below $1785

XAU/USD to reaffirm the bearish bias on a break below $1785
Gold (XAU/USD) witnessed some heavy selling on Tuesday and dived to levels below the $1800 mark. Bears await a break below monthly swing lows, around

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.Bears await a break below monthly swing lows, around the $1785 before the next leg down, FXStreet’s Haresh Menghani reports.” “A drop below the $1785 area (monthly lows) will reaffirm the near-term bearish bias and pave the way for a further depreciating move towards extending from November 2020 swing lows support, around the $1764 region.

Gold (XAU/USD) witnessed some heavy selling on Tuesday and dived to levels below the $1800 mark.” “Any meaningful recovery attempt beyond the $1800 mark might now be seen as a selling opportunity and runs the risk of fizzling out rather quickly near the $1808-10 region.

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