The Gold Price grinds higher past $1,950 resistance-turned-support comprising 5-DMA and the previous monthly low.
The XAU/USD recovery also crossed the $1,957 immediate support including the Fibonacci 23.6% in one-day to further convince the commodity bulls.
It should be noted that the Gold Price weakness past $1,950 needs validation from the $1,945 support level that encompasses the Pivot Point one-month S1 and Fibonacci 61.8% on one-day to welcome the XAU/USD sellers.
On the flip side, Fibonacci 61.8% on one-week and Pivot Point one-week R1, respectively around $1,968 and $1,975, can prod the Gold buyers before directing them to a convergence of the Fibonacci 61.8% on one-month, around $1,990 by the press time.
Overall, the Gold price remains on the buyer’s radar unless staying beyond $1,950.
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