XAUUSD $1,875 Possible

The yellow-metal has once again attracted strong dip-buying interest, following a short-lived dip towards the $1,820 support area. Gold bulls could be about to target the February 2021 trading high, around $1,875, if the $1,841 resistance level is broken. Any upcoming technical pullbacks back under the $1,820 support zone will likely be seen as a buying opportunity by gold bulls.

XAUUSD is only bullish while trading above the $1,820 level, key resistance is found at the $1,860 and the $1,875 levels. If XAUUSD trades below the $1,820 level, sellers may test the $1,810 and $1,800 support levels.

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