Gold remains stuck. Pressure is building though

6 нояб. 2023 г.

Friday. on NFP, Gold spiked again above 2k and, again failed to hold the gains.
In the past 3 weeks, the price hasn't done much overall and Gold remains stuck in a range so far.
For clarification, the bulls need a clear break and close above the stubborn 2k.
Considering the ascending triangle and the long period of consolidation, such a close could make XauUsd fly to a new ATH.
On the bearish side, a break under the 1970-1975 zone could lead to a deeper correction to 1940-1950 zone