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XAUUSD ANALYSIS

XAUUSD ANALYSIS

XAUUSD Technical analysis

XAUUSD Technical Analysis( GOLD) in its yesterday session not able to sustain below  $1880 mark and bounce back. it is the good sign of recovery from its lower level. If it manages to hold above its crucial resistance level of  $1910. Then good upside movement might be seen towards next resistance level of $1920 and $1930. Given the off in Japan, inactive bond yields seemed to have triggered the DXY’s pullback. On the same line is the cautious mood ahead of the Fed’s preferred inflation gauge, namely the US Core Personal Consumption Expenditures Price Index. GOLD has immediate support zone of $ 1900 below this mark it can test $1890.