The New CS Board

[jumanji0881]

Gold's bearish momentum is fading, prices to hit $2,050 after moving past this level – ANZ : https://www.kitco.com/news/2022-05-10/Gold-s-bearish-momentum-is-fading-prices-to-hit-2-050-after-moving-past-this-level-ANZ.html

Excerpts:
"We see a falling wedge formation on the chart starting from early March,which suggests bearish momentum is fading. Prices have hit a lower bound of USD1,830/oz, and we expect a trading range of USD1,850–1,930/oz in days ahead," they wrote. "A convincing break of above the upper trend line of USD1,930/oz would confirm a bullish move. Once this level breaks, prices could touch the previous highs of USD2,000/oz and USD2,050/oz."