Gold Spot / U.S. DollarUpdated XAUUSD : Is gold likely to return to 2010?
Gold fluctuated slightly as markets remained cautious in a week with few important data
Gold prices have not had many strong fluctuations as the market waits for new catalytic factors on the precious metal.
During the February 6 session, gold prices mainly traded in the range of $2,023 - $2,029 before rebounding to $2,036 at the end of the day when the USD's upward momentum slowed. Geopolitical tensions in the Middle East continue to be a concern as the US has increased its response actions against the Houthi rebels. Gold's resistance remains at $2,050 and support appears at $2,030.80. Gold is currently down slightly to $2,034.
Fed officials' speeches will remain the main mover for gold as investors maintain caution in a week without much economic data.
Gold prices have not had many strong fluctuations as the market waits for new catalytic factors on the precious metal.
During the February 6 session, gold prices mainly traded in the range of $2,023 - $2,029 before rebounding to $2,036 at the end of the day when the USD's upward momentum slowed. Geopolitical tensions in the Middle East continue to be a concern as the US has increased its response actions against the Houthi rebels. Gold's resistance remains at $2,050 and support appears at $2,030.80. Gold is currently down slightly to $2,034.
Fed officials' speeches will remain the main mover for gold as investors maintain caution in a week without much economic data.
Trade active
Sell : 2031 - 2033TP1 : 2027
TP2 : 2023
TP3 : 2020
TP4 : 2015
TP5 : 2010
SL : 2040
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.