XAUUSD

On the ounce gold side, the 1697-1975 region appears to be an important demand area. As long as the region is maintained, the price may test the 1998 and 2021 targets. The deep decline experienced yesterday was very well compensated.The movement above the moving averages continues, the upward momentum is maintained. Support: 1975 -1967 Resistance: 1988 – 1998 - 2021