Gold Price Forecast: XAU/USD poised to set new record highs above $2,075 Gold XAUUSD
, as the metal’s technical setup continues to paint a bullish picture in the near term, FXStreet’s Dhwani Mehta reports.“The path of least resistance appears to the upside for gold buyers, as they look to retest 19-month highs at $,2,071. If the latter is taken out on a sustained basis, then the August 2020 high of $2,075 will be challenged. That level marks the lifetime highs for XAU/USD.
“If sellers regain control, then initial support is seen around the 21-Hourly Moving Average around $2,037. The additional declines will call for a test of the ascending 50-HMA at $2,010.”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.
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