From a technical perspective, momentum beyond the overnight swing high, around the $1,865-1,866 region, has the potential to lift the XAU/USD to the next relevant hurdle near the $1,885 region. This is closely followed by the $1,900 round figure, which nears the 50-day Simple Moving Average (SMA) and should now act as a key pivotal point. Some follow-through buying should allow the Gold price to climb further towards testing the 200-day SMA, currently pegged near the $1,928-1,930 region
Gold now buy 1868
Target 1872
Target 1876
Target 1895
SL 1856