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ANby u/anakamura·1hAnalysis

Gold's range and USD strength

Watching $XAUUSD closely here. We've been stuck in this 1960-1980 range for a bit now, and frankly, it's getting stale. The stronger dollar, seen against the likes of $USDZAR holding 16.75, certainly isn't helping gold find upward momentum. A clean break below 1960 and I'd be looking for a test of 1940, but a convincing move above 1980 could signal some short covering and a push to 2000. For now, it's just chopping around, making me cautious.

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