Could a market sell-off spark more Gold buying?

After rising to a fresh multi-month high of $1,890 earlier in the day, the XAU/USD pair reversed its direction in the late American session and erased the majority of its daily gains. As of writing, XAU/USD was virtually unchanged on the day at $1,870. In the minutes of its April 27-28 meeting, the FOMC noted that a number of participants saw it appropriate to start discussing a plan for adjusting the pace of asset purchases in the upcoming meetings.

At the time of writing, XAU/USD is trading at $1,869 ad has traveled bid from a low of $1,852.23 to a high of $1,890.14 reaching a 3-month high on Wednesday.

Markets would be looking to clear the following levels for bulls to trigger:
Res: 1890; 1900; 1922; 1959 & Supports firmly placed at 1875; 1852; 1846; 1828.

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