Gold Price Declines Sharply
London (Mar 23) Gold declined sharply, breaching through SMA20 at 1240.00, which may assist bears to target 1220.00 - 1219, and a break below these levels will accelerate.RSI attempts to hit 50.00, while ADX reflects the strength of the bearishness.
Support: 1219.00 – 1210.00 – 1200.00
Resistance: 1235.00 – 1242.00 – 1255.00
Direction: Bearish
Source: Investing.com