Gold Price retreated ahead of the weekend amid renewed dollar strength XAU XAUUSD $XAU $XAUUSD
38.2% retracement of the latest downtrend seems to have formed stiff resistance at $1,875. With a daily close above that level, gold could target the $1,890/$1,900 area and $1,915 afterwards.
In short, gold needs to break out of the $1,875-$1,840 range in order to determine its next short-term direction.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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