11th January Gold Outlook: Upside Momentum Targets $1896 - $1906
Gold broke through recent $1881 high and reaches $1886.
A calm market witnesses range bound price action ahead of crucial economic data which is supposed to bring decisive trigger for next move.
As long as $1878 is not violated, Gold is all set to break above recent narrow price range and test $1896 followed by $1900-$1906
Sustained break below $1880-$1878 can push Gold down towards $1868 followed by $1860
A calm market witnesses range bound price action ahead of crucial economic data which is supposed to bring decisive trigger for next move.
As long as $1878 is not violated, Gold is all set to break above recent narrow price range and test $1896 followed by $1900-$1906
Sustained break below $1880-$1878 can push Gold down towards $1868 followed by $1860
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