Technical analysis: Gold aims toward $2,180 amid higher US yields
Gold’s rally continued on Wednesday after Tuesday’s pullback to the $2,150.00 mark. However, buyers must reclaim the March 12 high of $2,184.76, followed by the year-to-date high of $2,195.15, if they would like to challenge $2,200.00. Further upside is seen after a breach of the latter, with prices standing in uncharted territory.
On the flip side, XAU/USD sellers need to drag prices below $2,150.00, which could exacerbate a fall toward the March 6 low of $2,123.80. Further support is seen at $2,100.00, ahead of the December 28 high at $2,088.48 and the February 1 high at $2,065.60
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