Technical:
The near–term support is around $1930, violation below targets $1910/$1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1950, any violation above will take to the next level $1960/$1977/$2000/$2020.
It is good to buy on dips around $1950 with SL around $1895 for TP of $2000.
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Here is THE XAUUSD UPDATE YOUVE BEEN WAITING FOR!
Here is my Previous Analysis on GOLD -
The economic data, the stock market, and businesses' actual health are completely out of sync. That is because the U.S. stock market is still sitting near its record high while enterprises are consistently forced to close. With the new variant of...
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7 Reasons Gold will continue to Grow
Correlation to Inflation
Certainly, during times of economic crisis, investors flock to gold. When the Great Recession hit, for example, gold prices rose. But gold was already rising until...
