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Technical Update - Gold eyeing +2K. Silver breaking key resistance
Gold XAUUSD has resumed uptrend after bouncing from there 0.382 retracement at 1,933 to the 0.786 retracement at 1,992, but there could be further upside for Gold. RSI is showing positive sentiment with no divergence indicating likely higher Gold prices above October peak at around 2,009. A move to the 1.382 projection at 2,039 could be seen For Gold to reverse the trend a close below 1,930 is needed. Silver XAGUSD has after several attempts broken above key resistance at around 23.78. RSI above 60 threshold strongly indicating higher silver levels in coming weeks. A bullish move to the resistance at around 25.25. If ... (full story)