Gold Technical Analysis

There is no significant change in gold prices, and it continues to trade close to its previous levels. Currently, if the price remains below the strong resistance levels around $2050 and stays below it, there will be an opportunity for a downward movement and selling with a target of $1990 as the initial goal. However, if it breaks above that level and closes above it, any opportunity for a downward movement will be cancelled, and buying would be more likely.