Gold Price Forecast: XAU/USD holds steady above $1,920 level amid banking crisis fears – by hareshmenghani Gold Commodities RiskAversion CentralBanks XAUUSD
level since early February. The XAU/USD sticks to its modest gains above the $1,920 level through the first half of the European session, albeit lacks follow-through or a bullish conviction.Despite a positive development surrounding the Credit Suisse saga, worries about a full-blown global banking crisis continue to lend some support to the safe-haven Gold price.
Manufacturing Index, Building Permits and Housing Starts for a fresh impetus later during the early North American session.From a technical perspective, any subsequent move up is likely to confront stiff resistance near the overnight swing high, near the $1,937-$1,938 region.
On the flip side, the daily low, around the $1,908-$1,907 area, seems to protect the immediate downside ahead of the $1,900 round figure. This is followed by the $1,886-$1,885 zone, below which
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