Gold in demand, US Trillion Dollar stimulus
After resting lows of 1780 XAUUSD has bounced back with a 4 day uptrend to 1855 to then have a pull back finding support at 1810-1820 region.
finding support in 1810 and jumping to 1830 to stabilize in the 1820s Friday Feb 12- 2021
Looking forward to a possible retest of 1900-1950 if we can push above our next resistance level at 1855
RSI indicator still has more room to go into the overbought territory in the D time frame
MACD indicator also shows a low selling pressure and possible surge in buying momentum.
finding support in 1810 and jumping to 1830 to stabilize in the 1820s Friday Feb 12- 2021
Looking forward to a possible retest of 1900-1950 if we can push above our next resistance level at 1855
RSI indicator still has more room to go into the overbought territory in the D time frame
MACD indicator also shows a low selling pressure and possible surge in buying momentum.