Gold Struggles to Extend Declines after Hitting a Floor at 1,920

Gold prices are continuing last week’s move around the key level of 1,920, which is the 38.2% Fibonacci retracement level of the up leg from 1.680 to 2,070.40 and at the same time is confirming the pullback from the 1,950 resistance and the 20-day simple moving average (SMA). The short-term bias looks negative as the MACD keeps losing […]

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