Trading Signal for GOLD (XAU/USD) for May 5-8, 2023: sell below $2,045 or buy if rebounds at $2,005 (21 SMA – 200 EMA)
Early in the American session, we can see that Gold (XAU/USD) is trading around 2,034.91, below the 21 SMA, and below the +1/8 Murray located at 2,062. On the 1-hour chart, we can see that gold has broken out of the uptrend channel formed since May 2. Downside pressure is likely to persist if the […]