ANZ see gold lower to test support | Forexlive – WHERE FOREX NEWS LIVES

ANZ see gold lower to test support | Forexlive


ANZ on gold:

  • Prices settling above the $1,800 resistance will probably be essential to verify a bullish development in Gold. With the Fed anticipated to hike in December by 50 bps and inflation staying effectively above the goal vary, we consider it will be troublesome for XAU/USD to interrupt this resistance earlier than the top of this yr.
  • We anticipate Gold to take help at $1,700, whereas costs might nonetheless check the draw back of $1,620, which is a key help degree within the near-term.
  • A break of $1,620 might doubtlessly open the door for costs to fall beneath $1,600.

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