Gold price turns sideways around $1,915.00 after defending the crucial support of $1,900.00 as investors digest Powell’s hawkish commentary at the Jackson Hole Symposium. On a broader note, the precious metal is auctioning in a range of $1,904-$1,922 from Thursday. The yellow metal made two consecutive Spinning Top candlesticks, signaling indecisiveness among market participants. The precious metal regains territory above the 200-day Exponential Moving Average (EMA) at $1,907 but the 20-day EMA at $1,916 is still restricting its upside potential.
Buy limit 1906
Target 1910
Target 1920
Target 1930