Gold (XAU/USD) Analysis: Price Falls Below EMA50, Recovery in Focus

Gold (XAU/USD) has come under some selling pressure after falling below its 50-period moving average (EMA50) on the 4-hour chart.

Gold Chart (Source Trading View)

 This move suggests that buyers have lost some control in the short term.

However, there are signs that gold might still try to recover. The recent decline helped clear the overbought conditions on the RSI, giving the price room to bounce if buyers return. A minor bullish wave is still visible in the short-term trend, but it is losing strength.

For gold to resume a clear upward move, it will need to climb back above the EMA50 and hold that level as support. Until then, traders should watch this level closely, as it could act as resistance and limit further gains.

Overall, gold's short-term outlook is mixed. While there is still some potential for recovery, falling below the EMA50 is a warning sign that bulls need to regain control soon.


Join my Telegram channel now for daily crypto signals, daily commodity signals, and account management services. 

Let’s make profits together this week.

Telegram Link: https://t.me/bwtinternational

Comments

Popular posts from this blog

🚀 XRP Price Update – Is a Breakout Coming?

Ethereum Heading Towards $4,000:

Why Is Bitcoin Going Up? BTC Hits $97K After Buy Signal