XAUUSD News

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Last Updated Date: 20 May 2021 @ 6:04 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold has successfuly tested broken channel yesterday at 1852 low and rallied up and clocked 1890 high then retreated to 1870 zone. price action calls for further pressing upward to 1898 and 1917 taregt. 

The market is short term bullish and yesterday's surge up from corrections reinforces a target to 1917. A pop over yesterday's high could spark sharp rallies. Any near term setbacks should hold previous flagging congestion highs to maintain the bull posture. A close under 1840.00* marks a reversing turnaround.
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