Positive news on the vaccine front failed to dent gold’s safe haven appeal as we print above our resistance now turned support level at 1815. Increasing geopolitical tensions, inflation concerns, and US Covid-19 cases surpassing 3.8M is keeping demand strong on the yellow metal with 1835 as the next target as long as 1815 support level holds.
Support: 1815 / 1800
Resistance: 1835 / 1850
