Gold price is juggling in a small range bounded consolidation on an hourly scale that indicates volatility contraction. The 50-period Exponential Moving Average (EMA) at $1,930.00 has been acting as a major barricade for the Gold bulls. The demand zone placed in a $1,917-1,920 range will be a key support for the asset ahead.
The Relative Strength Index (RSI) (14) is oscillating in a 40.00-60.00 range, which indicates that investors are awaiting a fresh trigger for a power-pack action.
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