On the flip side, the upper band of the Bollinger on the daily chart and Pivot Point one-day R1 restricts the immediate upside of the Gold Price near $1,950.
More importantly, the 100-DMA and Pivot Point one-day R2, close to $1,957–58, appears a tough nut to crack for the XAU/USD bulls before rushing towards the Fibonacci 23.6% on one-month surrounding $1,970.
Overall, the Gold Price has fewer barriers toward the north but the US inflation data can test the bulls.
Gold buy 1944
Target 1950
Target 1960
Target 1970
More importantly, the 100-DMA and Pivot Point one-day R2, close to $1,957–58, appears a tough nut to crack for the XAU/USD bulls before rushing towards the Fibonacci 23.6% on one-month surrounding $1,970.
Overall, the Gold Price has fewer barriers toward the north but the US inflation data can test the bulls.
Gold buy 1944
Target 1950
Target 1960
Target 1970
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