XAUUSD comprehensive analysis

In the European market on Tuesday, spot gold maintained its intraday rebound trend, with the price of gold currently slightly above $1,935 per ounce. Upside risks to gold prices remain intact. Gold prices closed above the all-important 50-day moving average (DMA) of $1,932 an ounce on Monday, confirming a bullish reversal from three-week lows. Therefore, if gold can sustain a break above the mildly bullish 100 moving average at $1,945/oz, further upside could open up towards the September high of $1,953/oz.

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active trade