GOLD XAUUSD Chart Technical Outlook corrects higher towards $2,350
Gold prints an upward leg within a bearish channel. The recent optimistic comments from Fed officials regarding inflation and the weak Retail Sales data pressured the U.S. treasury yields and the USD, supporting an upside price action in Gold.
There is scope for immediate gains toward the resistance zone of $2,350-65. Supports are located at $2,300 and $2,285.
