Gold is extending its gain but, more crucially, has once again jumped above the resistance zone of $1,850. A weak greenback, with EUR/USD trying to force the 1.22 barrier and the Dollar Index falling to 90, is helping gold in its recovery while the short-term scenario is regaining momentum. The first target for bullion is the key zone of $1,872-$1,875, with the next resistance placed at $1,900, which is the “post vaccine” highest level for gold.
