Gold Price Forecast: Gold Pulls Back - Can XAU/USD Bulls Hold 2k
Gold prices dominated the headlines in the early portion of this week as the Yellow metal showed a strong breakout beyond the $2,000/oz psychological level. While this wasn’t the first time that gold has traded above that price, there hasn’t been a lasting move yet, and this begs the question as to whether we’re seeing a longer-term range test of resistance, or whether bulls are putting in the prelude to what could develop into another fresh all-time-high.
Source: actionforex.com