Gold price has gauged a cushion after refreshing its monthly low around $1,860.00 on a two-hour scale. The precious metal showed a perpendicular fall after delivering a breakdown of the Broadening Triangle chart pattern. Usually, a one-sided vertical fall reverses to the 20-period Exponential Moving Average gradually for further guidance, which is placed around $1,877.25, at the press time.
The Relative Strength Index (RSI) (14) is oscillating in the bearish range of 20.00-40.00, still favors the bearish bias.
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