Gold at $2420: Next $2382 and Rebound to $2468-$2488..?
Gold shows signs of revival after initial retracement to $2400 zone and awaits strong break above $2424 for extension to $2450 record high.
Volatility expected on the back of Fed chief J Powell.
If pressure continues, a break below $2400 will drag the metal to local demand zone $2382 where buyers are likely to resurface for renewed rally to retest record high $2450
This bullish wave has potential to update new record reaching $2468 and $2488
Volatility expected on the back of Fed chief J Powell.
If pressure continues, a break below $2400 will drag the metal to local demand zone $2382 where buyers are likely to resurface for renewed rally to retest record high $2450
This bullish wave has potential to update new record reaching $2468 and $2488
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