GOLD

By Gary Kinsley

XAUUSD

, 1 day

long

#Technical

#Bullish

Range

Resistance 1 2075.00
Quote Price 2022.11
Support 1 1972.87
Support 2 1931.38

On the daily chart, we can see that Gold broke through the key 2015 resistance despite the hot US CPI and PPI reports. This breakout opened the door for a rally into the next resistance around the 2063 level, so the buyers will look for dip-buying opportunities on the lower timeframes while the sellers will want to see a failure to start targeting again the 1973 level.