Gold Price Forecast: XAU/USD could dive below $1,800 on more technical sell-offs – ANZ Gold XAUUSD Banks
“Gold hit a high of $1,960 in the first week of February, but strong US labour data led to a sharp correction of 4%. While this correction looks normal after a 20% price rally, the bullishness seems to be waning.”“The key supports are $1,800 and $1,730.”
“On the upside, immediate resistance lies at $1,900. Should the price break above $1,930, it would confirm a continuation of the uptrend.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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