Gold – XAUUSD remains buoyant above key support zone

Gold – XAUUSD remains buoyant above key support zone

Gold has been in a sideways congestion period between 1307 and 1360 in recent months, within the context of what appears to be a long-term upward swing. As with recent weeks, we continue to call Gold XAUUSD a long and see gold buying opportunities on price weakness around 1307 to 1295 support range. We remain bullish on any pull backs whilst above that support range and expect a move up through recent highs near 1360 gold XAUUSD price.