Chart Of The Day: Gold
Forex Analytix | Apr 09, 2021 02:20AM ET
After holding the dip at 1680, we are back at the 1760 resistance which could signal a move back to the 1840 level on a close above this resistance tomorrow. In currencies, the USD/JPY has a strong inverse relationship to the gold market, and since that support is at the 109.00 level, a sustained break below 109.00 could trigger a gold breakout above the 1760 level. RSI is mid range but drifting higher in the spot market.
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