Gold buyers aim for 2,100 USD
Updated
Waiting for the US labor report
The market is turning its focus to last week's unemployment claims data in the United States and the bond auction for new catalysts.
On frame D1, the RSI indicator is close to 70, showing that gold's upward momentum is still strong. XAU/USD broke through the rising channel resistance at $2,080. If we close the day above this resistance, the upside could extend to $2,100 and $2,120, with the next target being the all-time high at $2,144.
Conversely, sellers could aim for the daily bottom at $2,061, then $2,050 and the 21-day MA at $2,035.
The market is turning its focus to last week's unemployment claims data in the United States and the bond auction for new catalysts.
On frame D1, the RSI indicator is close to 70, showing that gold's upward momentum is still strong. XAU/USD broke through the rising channel resistance at $2,080. If we close the day above this resistance, the upside could extend to $2,100 and $2,120, with the next target being the all-time high at $2,144.
Conversely, sellers could aim for the daily bottom at $2,061, then $2,050 and the 21-day MA at $2,035.
Comment
BUY XAU 2072 - 2068TP1: 2082
TP2:2092
SL: 2060
Comment
running + 70 pipsComment
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