Gold Price Bears to Retain Control

Gold Price

Gold price bulls continue to face stiff resistance at the horizontal 21-Simple Moving Average (SMA) at $2,007. Meanwhile, Gold price downside appears capped at $1,971. A strong cap at $1,971 will likely limit gold’s decline, as the triangle support and the upward-sloping 50-SMA converge at that level.

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Gold Price Bears to Retain Control via @marketinvestor