Gold has formed a base above $1736, with bullish momentum building up, awaiting a confirmation on an hourly close above $1744 to open the door to further upside with $1754 and $1760 as next targets in extension. Yesterday’s Fed minutes confirmed once again the Fed’s accommodative stance, with all eye’s today on Powell’s comments (at the panel about the global economy) and Initial Jobless Claims data (consensus at 680K).
Support: 1730 / 1718
Resistance: 1744 / 1754
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