Gold price is challenging the critical support-turned-resistance at $1,925, which is the meeting point of the 21- and 200-Daily Moving Averages (DMA).
A firm break above the latter is needed to unleash additional recovery toward the 50 DMA at $1,930. Further upside will hinge on acceptance above the 50 DMA, with eyes on the $1,950 barrier next.
A firm break above the latter is needed to unleash additional recovery toward the 50 DMA at $1,930. Further upside will hinge on acceptance above the 50 DMA, with eyes on the $1,950 barrier next.
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