Gold price faces the biggest daily loss in a week at the lowest level. XAUUSD currently trading near $1986, a break of $1980 could direct the gold price towards $1975 support followed by previous monthly low $1950. The recovery can be done if gold buyers manage to move the price above $2000 and $2013 resistances. Market’s sentiment and the metal’s inability to cross the short-term key upside hurdle keep the XAUUSD bears hopeful for more downside.
Comment:
Gold is currently running in profit towards 1980.
Trade closed: target reached