Gold continues run above the ichimoku cloud. No resistance >2000
Gold has a lot of support under 2k and shouldn't see levels below 2k without going back up to 2k afterwards.
Fundamentals of a weak USD and Mnuchin worried about adding debt in new stimulus leads to a further declining dollar. This is positive for Gold $XAUUSD.
Target is minor psychological price: 2050
Next major target is 2300 (GoldmanSachs target price)
Fundamentals of a weak USD and Mnuchin worried about adding debt in new stimulus leads to a further declining dollar. This is positive for Gold $XAUUSD.
Target is minor psychological price: 2050
Next major target is 2300 (GoldmanSachs target price)