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XAU/USD Technical overview

XAU/USD Technical overview

XAU/USD Technical Overview

XAU/USD Technical Overview ( GOLD). Last week has given close with some positive note but not able to break up side resistance of $ 1950 Gold trade lower during the Asian session on Monday. though the downside remains cushioned. The Fed’s hawkish outlook, surging US bond yields underpinned the USD and acted as a headwind. If gold give Momentum beyond the $1,950 level. Then nest resistance near the $1,964-$1,966 region. Sustained strength beyond should provide an additional lift to gold prices and allow bulls to aim back to reclaim the $2,000 psychological mark. XAU/USD Technical Overview Where as $1,924 horizontal zone now seems to protect the immediate downside below this mark it has crucial support zone of $1,915 region. Below this is followed by the $1,900-$1,870 strong support.

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