More bullish potential for GOLD as we approach $1,900!
Overall the next immediate target to the upside is $1,940-50 region before we can then look at $2,000 which is not to far away.
The dollar may have reached the bounds of its recovery limits after the index peered above 90.000, but could not sustain momentum long enough to establish a platform in the absence of any fundamental catalyst or reason in contrast to this time last week when US inflation data far exceeded expectations and spurred a more pronounced rebound.
Overall upside target from here is $2,300 long term.
The dollar may have reached the bounds of its recovery limits after the index peered above 90.000, but could not sustain momentum long enough to establish a platform in the absence of any fundamental catalyst or reason in contrast to this time last week when US inflation data far exceeded expectations and spurred a more pronounced rebound.
Overall upside target from here is $2,300 long term.
Penafian
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