Gold Price Forecast: XAU/USD bullish momentum continues, eyes on next resistance at $1,960 – ANZ Gold XAUUSD Technical Analysis Banks
“Gold price broke the key resistance of $1,845 following rise in US unemployment number and collapse of Silicon Valley Bank on Friday. This suggests that bullish momentum is likely to continue, however, one should be cautious of a false breakout.”
“To continue the bullish momentum, Gold needs to trade above $1850 level. The next resistance is at $1,960.”comes back below $1,845 range, then a consolidation looks possible until it breaks the key support of $1,810. A break of this could trigger a technical sell-off, dragging prices to a low of $1,750. We see this level setting the lower bound for this year’s price range.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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