XAUUSD 1 HOUR CHART
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Gold price is currently trading around $1926 as bulls try to move higher after a five-week uptrend. Possible correction is on the cards. XAUUSD needs to close above $1940 resistance for further gains with first target $1950. The support is found near $1917 area, which if broken could send yellow metal to $1900. In a case gold price drops below $1900, March 2022 low near $1890 will act as the final defense of buyers.
We are looking to buy XAUUSD as long as it is above $1917 and $1900 demand zones.
We are looking to buy XAUUSD as long as it is above $1917 and $1900 demand zones.
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