Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
Gold broke out of the consolidation which it had been trading within for 2 days, trading lower as the DXY strengthened. Gold reached a low of 1827 before trading higher, back into the consolidation range. If the DXY continues to weaken, and if Gold breaks above the 1846 price level strongly, this could signal further upside correction for Gold. Beyond 1846, the next key resistance level is at 1858.
Next 24 Hours Bias
Weak Bullish
