fxpremiere

XAUUSD Forecast 02 03 2021

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Forecast 02 03 2021

The GOLD price dropped a little more and is now in a strong support zone at position 1716.93. This zone is formed by two lines. The first one appeared in August 2020, the second stronger one - in July 2016

Now the main question for all investors is when exactly gold will stop and begin to grow.

I think this support zone is the perfect starting point for growth. I expect the price to bounce off it and rise towards the resistance zone . So my final target is the 1800.37 resistance zone .

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