XAUUSD CONFIRM PREDICTION FOR TODAY ðŊ
The Gold price hit a fresh four-week high of $1,943 early Wednesday before entering a phase of upside consolidation. Despite a minor pullback, Gold price holds firmer above the critical 20-Daily Moving Average (DMA) at $1,930, having stormed through it earlier.
The 14-day Relative Strength Index (RSI) indicator is pointing higher above the midline, suggesting that there is more room to the upside.
The next resistance level is seen at the September 20 high of $1,947, above which the September 1 high of $1,953 will be put to test.
A sustained move above the latter could fuel a fresh uptrend toward the $1,970-$1,980 supply zone.
GOLD BUY : 1944
TP. : 1954
TP. : 1962
TP. : 1970
SL. : 1930
The 14-day Relative Strength Index (RSI) indicator is pointing higher above the midline, suggesting that there is more room to the upside.
The next resistance level is seen at the September 20 high of $1,947, above which the September 1 high of $1,953 will be put to test.
A sustained move above the latter could fuel a fresh uptrend toward the $1,970-$1,980 supply zone.
GOLD BUY : 1944
TP. : 1954
TP. : 1962
TP. : 1970
SL. : 1930
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