Forex Trading Library

Gold Prices Muted Near 1900 Region

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The precious metal is trading mixed with price action steady near the 1900 -1911.50 level.

There is a minor resistance level building up near the 1920 handle. If price action breaks past this level, it will potentially trigger further gains.

The next upside target will be the 1980 handle, where price tested this level before declining.

Therefore, for the moment, the 1920 level will be key, followed by the 1980 handle next.

To the downside, this bias could shift if gold prices slip below 1890.

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