Gold Price Forecast: XAU/USD recaptures 23.6% Fibo level, looks to $2,000 next amid bullish RSI Gold XAUUSD
, on a daily closing basis on Tuesday. Holding above here is critical to see further gains, FXStreet’s Dhwani Mehta reports.“Gold bulls have paused for a cause, awaiting a fresh catalyst to resume its upside, as the 14-day Relative Strength Index is holding comfortably above the midline.”
“If the 23.6% Fibo resistance-turned-support holds the fort, Gold price could turn higher to challenge Monday’s high at $1,981. The next significant resistance for Gold buyers is seen at the $2,000 mark.”sellers for a test of the $1,950 psychological level. Further south, $1,934, which is the 38.2% Fibo level of the same ascent, will challenge bullish commitments.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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