"Gold Holds Strong Above $2,060"
Gold starts the new year with a positive signal, supported by a weaker US dollar and positive developments around China's economic stimulus measures. XAU/USD trades around $2,065, up 0.19% on the day.
Expectations are for gold to remain stable and potentially continue its upward trend, although surpassing $2,100 will require convincing momentum. Price corrections might test $2,061 or even $2,050, with ultimate support at $2,035, represented by the 21-day Simple Moving Average (SMA).
Expectations are for gold to remain stable and potentially continue its upward trend, although surpassing $2,100 will require convincing momentum. Price corrections might test $2,061 or even $2,050, with ultimate support at $2,035, represented by the 21-day Simple Moving Average (SMA).
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