Gold Price Forecast: XAU/USD is gathering strength for a sustained break above $2,000

Gold price retreats from 11-month highs before challenging $2,000, FXStreet’s Dhwani Mehta reports.

Immediate support is seen at the February high of $1,960

“The immediate support for Gold price is now seen at the February high of $1,960, below which the psychological $1,950 level will be put to test.”

“On the flip side, Gold buyers need to take out the multi-month high at $1,991 in order to aim for the $2,000 threshold. Acceptance above the latter is critical to resuming the recent uptrend toward the $2,050 static support.”