During yesterday’s trading session, the precious metal soared by 272 pips or 1.46% against the US Dollar. The exchange rate breached the resistance level at 1890.00 on Tuesday.
Everything being equal, the yellow metal could continue to trend bullish during the following trading session. Bullish traders might target the 2000.00 area.
Although, the XAU/USD exchange rate is likely to make a brief pullback towards the 1890.0 area in the shorter term.
