OANDA:XAUUSD price recovers the recent losses, trading higher near $1,980 during the Asian session on Tuesday. The price of the precious metal receives upward support due to the correction in the US Dollar, which could be attributed to the downbeat US Treasury yields.
Alternatively, if the correction from multi-month highs resumes, Gold sellers would need a sustained break of the previous day’s low of $1,963 to test the $1,950 psychological level.
The last line of defense for Gold buyers is aligned at the October 19 low of $1,945.