FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that there are still some hurdles for gold to deal with at $1813/42 to really get going on the topside.
“XAU/USD is about to hit the 55-week ma at $1813 and the $1842 2020-2021 resistance line.”
“The $1813/42 region remains the key breakpoint on the topside to $1917/22, then $1959/66.”