#XAUUSD @ 1,952.55 Gold Price Forecast: eyes acceptance above $1,960 to initiate a fresh uptrend
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Gold price is sitting at the best levels seen in the last ten months above $1,950. XAU/USD needs to take out $1,960 resistance for further upside, FXStreet’s Dhwani Mehta reports.
“The 14-day Relative Strength Index (RSI) is probing the overbought territory, suggesting that further upside remains in place for the bright metal.”
“Gold price needs to find acceptance above the immediate resistance near the $1,960 level in order to initiate a sustained uptrend toward the April 2022 high just shy of the $2,000 mark.”
“Any pullbacks from higher levels could see the XAU/USD challenging the previous week’s high at $1,949, below which a fresh correction toward the $1,920 region cannot be ruled.”
[/s2If]
Join Our Telegram Group
