From a technical perspective, this week's break above the 200-day SMA and a subsequent move beyond the $1,947-1,948 supply zone favour bullish traders. That said, the Relative Strength Index (RSI) on hourly charts is flashing overbought conditions and makes it prudent to wait for some near-term consolidation before the next leg up. Nevertheless, the Gold price seems poised to surpass the July swing high, around the $1,987 region, and aim to conquer the $2,000 psychological mark for the first
Gold now buy 1981
Target 1985
Target 1989
Target 1996
SL 1970