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> USD weakness boosted the yellow metal – GOLD Market Outlook – 09/02/2021
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USD weakness boosted the yellow metal – GOLD Market Outlook – 09/02/2021

SquaredFinancial

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A weakening greenback coinciding with Tesla’s $1.5B investment in Bitcoin, boosted higher prints on the yellow metal, securing a second consecutive close in the green. Technically, an hourly close above $1840 resistance level will favor higher prints with 1840 as the next closest resistance target.

Support: 1835 / 1830
Resistance: 1850 / 1860

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/usd-weakness-boosted-the-yellow-metal-gold-market-outlook-09-02-2021
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