Gold Price Forecast: XAU/USD dwindles around $1940, retraced as traders eye US Q4 GDP

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Gold Price Forecast: XAU/USD dwindles around $1940, retraced as traders eye US Q4 GDP
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Gold Price Forecast: XAU/USD dwindles around $1940, retraced as traders eye US Q4 GDP Gold XAUUSD Metals

in the US. The US 10-year Treasury bond yield eases one and a half bps and yields 3.44%.

XAU/USD key support levels are $1,900, followed by the $1,896.74 January 18 daily low. Break below will expose the 20-day Exponential Moving Average at $1,889.22. On the other hand, for an uptrend continuation, XAU/USD needs to reclaim $1,950 as it aims to rally toward $2,000. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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