Gold prices remain under pressure, trading at their lowest levels in three months below $1,930. Although XAU/USD rebounded marginally to $1,931 after the European Central Bank (ECB) decision, it dropped later to fresh monthly lows at $1,928.
The yellow metal is currently moving with a bearish bias, which has been the case since Wednesday's Federal Reserve meeting. If there is consolidation below $1,930, the next support area around $1,920 would be exposed. To alleviate the bearish pressure, XAU/USD needs to surpass $1,940
GOLD
The yellow metal is currently moving with a bearish bias, which has been the case since Wednesday's Federal Reserve meeting. If there is consolidation below $1,930, the next support area around $1,920 would be exposed. To alleviate the bearish pressure, XAU/USD needs to surpass $1,940
GOLD
