Gold price is challenging bearish commitments while flirting with the 21-day Simple Moving Average (SMA) at $1,975, having pulled back sharply from multi-day highs on Friday.
A failure to defend the latter on a daily closing basis could fuel a fresh downtrend toward the static support in the $1,955-$1,950 region.
Gold confirm sell 1960 target
A failure to defend the latter on a daily closing basis could fuel a fresh downtrend toward the static support in the $1,955-$1,950 region.
Gold confirm sell 1960 target
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