SupperTrading-FX

31/05 - Gold holds the recovery

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OANDA:XAUUSD   黄金现货/美元
The US debt ceiling deal voting has created caution among the House members.
Despite that, gold buyers are still in control due to mixed US data.
However, the possibility of a rate hike by the US Federal Reserve may limit the increase in gold prices.
The Gold Price is still interesting to buyers as it keeps surpassing the resistance level of $1,950, which is now acting as support.

I would consider buying gold at 1946-1949

Do you think gold can come back to retest 194x?
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