Gold- Two important levels for bulls

2023年9月11日

After the recent low under 1920, Gold has started to consolidate in a 100 pips range.
Although Friday's close is bearish, XauUsd recovered strongly on the Asian Session last night and is trading now towards the upper boundary of the range.
A break above this level would be the first indication of reversal with a clear confirmation if Gold is breaking and close back above 1935.
In such an instance we could consider the recent low as a higher low and expect continuation to the upside at 1980 resistance.