Gold traded with choppy price action on Friday as it reach the 1985 price level but failed to sustain a continual move to the upside.
With the price breaking the short term bullish trendline, and currently trading at the 1952 level, Gold could continue trading lower to retest the near term support level of 1936, especially if the DXY continues to regain in strength.
Look for Gold to continue trading within the wide range of 1936 and 2000 in the medium term.
With the price breaking the short term bullish trendline, and currently trading at the 1952 level, Gold could continue trading lower to retest the near term support level of 1936, especially if the DXY continues to regain in strength.
Look for Gold to continue trading within the wide range of 1936 and 2000 in the medium term.
