XAUUSD

Ounce gold tends to experience weakness below the 1990 level in the 4-hour view. On the other hand, the 200-period averages expressed in orange on the 4-hour chart can be a support element for the price. 1983 and 1972 may put the price back into an uptrend as a result of the pullbacks. The loss of the regions triggers the continuation of the decline. Support: 1983 - 1972 Resistance: 2012 - 2025