XauUSD: How to fluctuate if the price accepts 2052
The price of gold has been moving sideways without any signs of a breakthrough. At the time of writing, it is trading at a stable level of $2043.
The precious metal cooled off as the US dollar slightly strengthened. The DXY index, which measures the movement of the greenback against a basket of six major currencies, rose from 102.3 to 102.8 at the start of trading on November 29 in the US market.
However, the appeal of this precious metal remains high as it continues to be in an uptrend according to technical analysis.
If gold accepts the level of $2052, it will continue to rise towards the target of $2070. On the other hand, if gold falls below $2035, it will push the price down with an expected decrease to $2012.
The precious metal cooled off as the US dollar slightly strengthened. The DXY index, which measures the movement of the greenback against a basket of six major currencies, rose from 102.3 to 102.8 at the start of trading on November 29 in the US market.
However, the appeal of this precious metal remains high as it continues to be in an uptrend according to technical analysis.
If gold accepts the level of $2052, it will continue to rise towards the target of $2070. On the other hand, if gold falls below $2035, it will push the price down with an expected decrease to $2012.
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