Gold price retreats from 11-month highs before challenging $2,000, FXStreet’s Dhwani Mehta reports.
Immediate support is seen at the February high of $1,960
“The immediate support for Gold price is now seen at the February high of $1,960, below which the psychological $1,950 level will be put to test.”
“On the flip side, Gold buyers need to take out the multi-month high at $1,991 in order to aim for the $2,000 threshold. Acceptance above the latter is critical to resuming the recent uptrend toward the $2,050 static support.”
Gold price retreats from 11-month highs before challenging $2,000, FXStreet’s Dhwani Mehta reports.
Immediate support is seen at the February high of $1,960
“The immediate support for Gold price is now seen at the February high of $1,960, below which the psychological $1,950 level will be put to test.”
“On the flip side, Gold buyers need to take out the multi-month high at $1,991 in order to aim for the $2,000 threshold. Acceptance above the latter is critical to resuming the recent uptrend toward the $2,050 static support.”
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