Gold Price Forecast: XAU/USD advances on its path toward $1830 on soft US Dollar Gold XAUUSD Metals
iment and a soft US Dollar are tailwinds for the yellow metal, even though there are growing speculations for higher rates in the United States . Hence, theThe jump in Gold prices is courtesy of an offered US Dollar
XAU/USD needs to get above the intersection of the 20/50-day EMAs for a bullish continuation. Once done, that could pave the way towards the February 9 high at $1890.21, ahead of $1900. For a bearish scenario, the XAU/USD needs to drop below the 100-day EMA at 1820.31, exacerbating a re-test of the 200-day EMA at $1803.57.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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