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XAU/USD Price Forecast – Near resistance $1970

XAU/USD Price Forecast – Near resistance $1970

XAUUSD ( GOLD ) has given psychological resistance break out of $1950 but made a high of $1969.45 Tuesday in mixed market sentiment in Asian markets on Tuesday. As the Frankfurt open approaches. From a 1-hour perspective, the bullish structure is being carved out and a break beyond $1,970 it can test next resistance and psychological level of $2000 /$2020 .Where as $1940 play important role of support zone if it closed below this mark in todays session then down side movement expected till $1920. It has also facing crucial support zone of $1915 below this market $1900/$1880 can be seen.