Gold has been popular with buyers despite frustrating bears in recent days.
The PMI has helped the XAU/USD maintain momentum, even with a 40% chance of a 25 bps rate hike by the Fed in June.
This hike could discourage Gold buyers. If the Gold buyers remain in control, Gold could reach $1,990 or even $2,000.
Immediate support will be found if the previous day's low of $1,954 is breached, followed by a test of the psychological level of $1,950.
I would consider buying gold 1949-1952
Do you think gold will continue to go up?