Daily Market Analysis 10 May 2022

Daily Market Analysis 10 May 2022

  • Market News
  • Daily Market News
  • 2022, 10 May

GOLD

Technical Outlook

XAU/USD remains pressured below $1,970 while downside is capped near $1,950. A sell in rise opportunity could be utilized for a profitable trade.

A strong US dollar keeps gain limited


Technical Indicators
Action
RSI (37)
SELL
Oscillator (11)
SELL
MACD (Below Midline)
SELL
200 EMA ($1859)
BUY


Strategy

Action
Sell
Entry
$1,970
Target 1
$1,960
Target 2
$1,950
Stop Loss
$1,980


Key Signposts

No key data

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