Gold prices hovering near the 8-month high of $1885 supported by the downward pressure on safe-haven demand for the greenback.
The technical scenario is absolutely bullish after the last two weeks’ strong bullish sentiment. While considering the recently bullish momentum the metal may find strong resistance above 1900. On the downside, any meaningful pullback now seems to find some support near the 1875/70 zones, below which the slide could further get extended towards the 1850/35 regions.
