Gold price has faced a sharp sell-off after failing to recapture the weekly high of $2,062. The precious metal has dropped to near $2,030 and is expected to remain on tenterhooks before getting fresh cues about the timing of rate cuts from the Fed. The yellow metal has surrendered entire gains generated on Monday and has corrected below the 20-day Exponential Moving Average (EMA), which trades around $2,039.
More downside could appear in the Gold price if it fails to defend the January 3 low of $2,030, which will expose it towards the psychological support of $2,000.
More downside could appear in the Gold price if it fails to defend the January 3 low of $2,030, which will expose it towards the psychological support of $2,000.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.