GOLD price trading sideways on Monday. On Friday the yellow metal dropped more than $50 after better-than-expected U.S. NFP data.
Crucial levels to watch this week:
Support: $2015 & $2000
Resistance: $2055 & $2070
Smashed below the $2k so called “resistance” today and heading further down. Next support is around $1970 but it’s not looking good for gold in the short term.
GOLD -80$ down today, currently testing $1940, break below this level the next support at $1920 (previous all-time high) followed by $1900. On the upper side, the immediate resistance at $1960 then $1980.