The yellow metal hit our short support target at 1860, coinciding with the 200 period SMA, led by greenback strength amidst further Covid restrictions. Investors seem to have pared risk in early trade today as the U.S. stimulus package got put on hold, favoring further buildup in bullish momentum on gold, with 1870 resistance level to breach to open the door towards 1880.
Support: 1860 / 1850
Resistance: 1870 / 1880
