Gold has a lot of support under 2k and shouldn't see levels below 2k without going back up to 2k afterwards.
Fundamentals of a weak USD and Mnuchin worried about adding debt in new stimulus leads to a further declining dollar. This is positive for Gold $XAUUSD.
Target is minor psychological price: 2050
Next major target is 2300 (GoldmanSachs target price)
Fundamentals of a weak USD and Mnuchin worried about adding debt in new stimulus leads to a further declining dollar. This is positive for Gold $XAUUSD.
Target is minor psychological price: 2050
Next major target is 2300 (GoldmanSachs target price)
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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.