The yellow metal continued to print higher in early session today, hitting our resistance at 1772, after ending yesterday’s session at 1767.57 despite better than expected PMI and housing data, as Coronavirus cases continued to surge in the U.S with California and Texas reporting highest daily cases. An hourly close above 1772 will open the door to higher prints with 1789 as the next resistance target.
Support: 1764 / 1750
Resistance: 1772 / 1789
Risk Warning: 56.82% of retail CFD accounts lose money
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