xau/usd

Gold may remain confined to a range for the foreseeable future between the $1913-$1947 (this week’s high). However, in order for a move higher Gold faces significant challenges around the $1925-$1930 with a daily candle close above opening the opportunity for a run toward the weekly high and the $1950 psychological level. A break to the downside will run into support around $1913 before the $1900 handle comes into focus.