Dukascopy Bank Team
Dukascopy Bank SA
XAU/USD
The XAU/USD exchange rate bounced off a support level at 1875.00 on Thursday. As a result, the yellow metal surged by more than 245 pips or 1.31% against the US Dollar during yesterday's trading session.
By and large, the commodity could continue to edge higher during the following trading session. Bullish traders might drive the price towards the 1915.00 level.
However, buyers are likely to encounter resistance at the 1905.00 area within the following trading session.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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