Profitable Forex
Member
From a technical perspective, nothing seems to have changed for Gold price and the near-term bias remains tilted firmly in favour of bullish traders. Hence, some follow-through strength back towards retesting the all-time high, around the $2,070-$2,075 region, looks like a distinct possibility. On the flip side, any meaningful pullback could find decent support near the $2,020 area ahead of the $2,014-$2,013 region. The dip, however, is likely to attract fresh buyers near the $2,000 psychological mark, which should help limit losses for the XAU/USD near the $1,990-$1,980 horizontal support.
