During today’s morning hours, the XAU/USD raised to the 1,960.00 mark.
It is likely that the yellow metal could continue to extend gains against the US Dollar, as it is supported by the 55-hour moving average near 1,942.00. The rate could target the 1,980.00/2,000.00 range.
In the meantime, it is unlikely that bears could prevail in the market, and the price for gold could drop below the 1,900.00/1,920.00 area due to the support provided by the 100– and 200-hour SMAs.
Written by Admin
Wells Fargo signage on May 5th, 2021 in New York City.Bill Tompkins | Michael Ochs ...
PNC Financial's Amanda Agati is predicting the retail frenzy's downfall.When the government starts eliminating stimulus ...
A 'We're Hiring!' sign is displayed at a Starbucks on Hollywood Boulevard on June 23, ...