Gold May not stop before $1975.
Gold is on fire and aiming to test its near-term swing high zone of $1970/1975.
Gold's near-term support 1930/1932. As long as above $1930, it is possible to test the $1970/1975 price zone. Fundamental, technical, and market sentiment still suggests more upside bias.
But we may see some correction at the $1970/1975 price zone.
On the other hand, if xau/usd breaks below the $1930, it may test its another trendline support level of $1900/1910 price zone.
I remain bullish on gold-based of all three types of analysis. But of course, remember profit-taking factors and overbought conditions of gold.
Gold's near-term support 1930/1932. As long as above $1930, it is possible to test the $1970/1975 price zone. Fundamental, technical, and market sentiment still suggests more upside bias.
But we may see some correction at the $1970/1975 price zone.
On the other hand, if xau/usd breaks below the $1930, it may test its another trendline support level of $1900/1910 price zone.
I remain bullish on gold-based of all three types of analysis. But of course, remember profit-taking factors and overbought conditions of gold.
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