Gold price yielded a weekly close above the all-important 200-Daily Moving Average (DMA) at $1,922 on Friday, opening doors for more gains.
However, Gold buyers need to scale a powerful resistance aligned at $1,1932, the 50 DMA, to confirm a bullish reversal from three-week lows.
The psychological $1,950 level will be next on Gold buyers’ radars. Ahead of that, the downward-sloping 100 DMA at $1,946 could protect the upside.
Gold buy from 1924-1920
Tp 1943
However, Gold buyers need to scale a powerful resistance aligned at $1,1932, the 50 DMA, to confirm a bullish reversal from three-week lows.
The psychological $1,950 level will be next on Gold buyers’ radars. Ahead of that, the downward-sloping 100 DMA at $1,946 could protect the upside.
Gold buy from 1924-1920
Tp 1943
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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.