XAUUSD

Ounce gold gathered strength by recognizing the 200-period exponential and simple averages region in the 4-hour view. It was expected to carry an upward potential as long as the averages were not lost. The $2012 target was realized with this movement. As long as the day closes above 1992, the main direction will continue to be up. Support: 2012- 1997 Resistance: 2025 – 2031 - 2050