Will XAUUSD Hold on to the Support $1285 – $1282

The precious metal has been consolidating above the support area of $1285 – $1282 for the past five daily sessions.

Gold Prices had Earlier Breached its 100-Day Moving Average

It was only yesterday’s price action that briefly pierced the support area before pulling back. A break down from the support is essential for gold prices to continue the bearish momentum.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600