XAUUSD to reach 2500?
Currently trading just under the 2475 price level, with the US CPI due to be released later
Look for possible downside on the DXY which could, due to its inverse relationship, drive gold higher.
If the price breaks above the 2480 price level, the next resistance would be at 2500 as a round number and psychological barrier.
Look for possible downside on the DXY which could, due to its inverse relationship, drive gold higher.
If the price breaks above the 2480 price level, the next resistance would be at 2500 as a round number and psychological barrier.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.