Gold price is breathing a sigh of relief early Thursday after testing offers near $2,315 once again.
Gold price pauses losing streak, as focus shifts to the high-impact US Q1 GDP data. US Dollar decline offers comfort to Gold price amid ebbing Middle East tensions. Gold price closes Wednesday below 21-day SMA but RSI stays bullish. Gold priceis breathing a sigh of relief early Thursday after testing offers near $2,315 once again.
00, indicating that a renewed downside in Gold price could be seen as a good entry position for buyers. If Gold sellers regain control, Gold price could challenge the $2,300 threshold again, below which Tuesday’s low of $2,291 will be targetted. The last line of defense for Gold buyers could be the early April low near $2,265.
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