The yellow metal hit our short support target at 1920 only to end yesterday’s session on a record close as the greenback continued to slide, amidst risk-off sentiment as Congress and the White House struggled to reach a deal on the latest aid package and six US states registered record Covid-19 deaths. Investors await the US Federal Reserve’s meeting outcome today, with prints above our support level at 1945 to keep bullish momentum strong with 1980 as the target.
Support: 1920 / 1900
Resistance: 1945 / 1960 / 1980
Risk Warning: 56.82% of retail CFD accounts lose money
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