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Gold - Daily

Minipip
Gold - Daily
28 Apr 2023, 15:00
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Chart & Data from IG

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By Minipip
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Gold continues to hold strong despite the USD value up quite strong.


Gold continues to hold its ground despite the rise in the USD - Usually when the USD rises, gold falls. Looking at the chart, Support for the yellow metal sits at $1959, followed by further support at $1914. A break of this would see further support at $1889. Towards the upside, gold is struggling to break and clear $2000, If the metal can break above here, then $2040 can be targeted followed by further upside towards the $2070 high.

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