XAUUSD
We are following the 2030 - 2038 region, which is currently supported by the 34-period exponential moving average (2033) for ounce gold. As long as the precious metal is traded below the 2030 - 2038 region, a downtrend may come to the fore. If the negative trend continues, the 2015 and 2005 levels may be encountered. In order for the uptrend to come to the fore, it may be necessary to see permanent pricing above the 2038 - 2049 region. Support: 2005-1984 Resistance: 2049-2088