Gold Price Forecast: XAUUSD to cheer bearish traders on a break below $1,940/35 Gold XAUUSD Fed Ukraine
“The market focus will remain glued to Fed Chair Jerome Powell's speech at an International Monetary Fund event later during the US session. This, along with the US bond yields, will influence the USD price dynamics and provide some impetus to the XAU/USD. Apart from this, fresh developments surrounding the Russia-Ukraine saga should contribute to producing short-term trading opportunities around gold.
“The $1,960 support-turned-resistance coincides with the 38.2% Fibonacci retracement level of the $2,070-$1,890 downfall and should act as a pivotal point. Sustained strength beyond has the potential to lift gold towards the 50% Fibo. level, around the $1,980-$1,982 region. The upward trajectory could further get extended and allow bulls to make a fresh attempt to reclaim the $2,000 round figure.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
France Dernières Nouvelles, France Actualités
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