Gold Spot / U.S. Dollar
Long
Updated

Gold upside move expected

XAUUSD retested $1920 demand earlier today and currently experiencing a bullish move towards $1930 which is a short time resistance. Following that, the previous weekly high near $1934 may prod the XAUUSD bulls before directing them to $1950 supply zone. The support can be found at $1918 followed by $1900. FOMC minutes and Fed Powell tonight will influence next move for gold.
Note
Gold is running in profit. You may book your profits.

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