Gold Price Outlook: XAUUSD Drops Below $1850; Targets $1821 Next

Gold Price Outlook: XAUUSD Drops Below $1850; Targets $1821 Next

From investingcube.com

Today’s upside on the greenback has helped to send the XAUUSD pair lower on the day. The pickup in demand for the greenback drove selling this Friday, sending gold prices down from the two-week tops posted yesterday. However, the downside appears to have been limited by a slight drop in bond yields and a pullback in the stock markets. This stock market pullback follows a slight souring of risk sentiment globally. Also, a partial lockdown in Beijing has reignited concerns of the coronavirus spread. This situation has impacted investor sentiment. Gold price is 1.4% lower at the time of writing. Gold price on the ... (full story)

The final Target is around 1770 too

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