Gold Prices Cling to the 1911 Price Level
The precious metal is making attempts to recover following Monday’s muted close.
There is no clear trend emerging in the medium term. As a result, prices are back re-testing the 1911.50 level once again.
The continued consolidation near this area could see a possible big move.
The bias remains mixed for the moment. A close above 1911 could open the way for a move to the next key level near 1967.
To the downside, the 1850 level remains the immediate support area that can be tested.