Gold traded with little volatility despite the overnight fluctuation of the DXY, with the price maintaining around the 1750 price level.
Look for a potential breakout on Gold, if the price is able to trade above the 1760 level, with the next key resistance level at 1785.
However, for Gold to trade sustainably higher, it is anticipated that the DXY would have to weaken back down to the 105.40 price level.
Look for a potential breakout on Gold, if the price is able to trade above the 1760 level, with the next key resistance level at 1785.
However, for Gold to trade sustainably higher, it is anticipated that the DXY would have to weaken back down to the 105.40 price level.
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