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13 May 2026
GBP/USD Daily Technical Analysis
13 May 2026
14 May 2026
🥇 XAU/USD Forecast: Gold struggles for direction between key moving averages
XAU/USD is currently trading in a sideways range on the daily chart, holding just above the 21-day SMA near $4,684 while remaining capped by the 50-day SMA around $4,740. This reflects a lack of clear momentum as the market consolidates after recent gains.
The broader bullish structure remains intact, with the 200-day SMA near $4,341 still acting as a major long-term support zone. Meanwhile, RSI around the 50 level and a stabilizing MACD suggest neutral conditions and continued consolidation rather than a strong trend.
On the upside, resistance is seen at $4,740, followed by $4,850. On the downside, support lies at $4,684, with further pressure potentially exposing $4,500 and $4,341.
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