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XAU/USD Price Analysis – Scope for a test of $1900

XAU/USD Price Analysis – Scope for a test of $1900

XAUUSD ( Gold ) witnessed highly volatile movement in yesterday session, although it booked the second straight daily loss. It has not able to break its support zone of $1890 and immediately recover form this mark and closed its closed above 1900 level. Now if it manages to hold $1935 the we can see $1950/$1965 in short term as breed of gold is looking weak in the chart . If it again sustain below $1910-$1900 mark the it can test next support zone of $1880/$1860. “The focus will remain on a fresh batch of top-tier US economic releases, including the ADP employment and the final Q4 GDP revision.