XAU/USD: The bulls regain command following a comeback from June’s low of 1805.2

Quqas
2 min readJun 17, 2022

ANALYSIS | 6/17/2022 10:23:43 AM GMT

XAU/USD rose 528 pips from its low in June.

On the one-hour chart, the 50 Moving Average (MA) passes above the 100 period.

The Relative Strength Index (RSI) maintains neutral territory with climbing momentum.

The precious metal edged higher in the initial European session after the tumble that occurred in the Asian session. Gold gained strength after a rejection from the June low…

--

--