XAU/USD eyes more gains above $1,830.00 as risk-off mood eases, US PMI eyed!

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Gold price has rebounded after testing the breakout of the Falling Channel chart pattern formed on an hourly scale. The precious metal is expected to display a sheer upside move as a bullish reversal has been confirmed after exploding the aforementioned chart pattern on the upside.

The Relative Strength Index (RSI) (14) has delivered a range shift move from the 40.00-60.00 dimension to the bullish vault of 60.00-80.00, which advocates more upside ahead.


XAU/USD eyes more gains above $1,830.00 as risk-off mood eases, US PMI eyed!

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