A weaker greenback is boosting momentum on the yellow metal, as we kick off the year above the $1900 handle, with $1920 level offering the closest support as technicals favor ongoing bullish momentum with $1930 as the next resistance target. On the fundamentals side, global Covid-19 cases topping 85M, concerns over further lockdowns, and increasing geopolitical tensions should keep the safe haven bid.
Support: 1920 / 1912
Resistance: 1930 / 1940
