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