Gold Tumbles to One-Month Low as Rates Look Likely to Stay High

Buy Spot Gold Above $1750 Target Price $1775—$1792 | Neal Bhai

The spot gold technical outlook remains bearish with gold failing to break above the 20-day SMA for the 18th straight trading day. Additionally, the Relative Strength Index (RSI) indicator on the daily chart stays slightly below 50, confirming the view that sellers are looking to remain in control of gold (Yellow Metal) action.

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