Technical analytics



Gold left the 1215-1205 range on Monday. Sellers regained the lower limit if the range in the morning and pushed the precious metal to the 1200 first. This barrier did not stop bears who extended their gains down to 1190. The moving averages accelerated their decline. MACD and RSI gained the oversold momentum and moved to the oversold area. The resistance resides at 1200, the support comes in at 1190.

Now when the 1205 level is broken, the spot may extend its sell-off to the 1185 mark or even below.

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