The trend of gold on the daily chart is in line with technical requirements.
Gold Price (XAU/USD) Struggling to Break Meaningfully Higher
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XAU/USD is trading at $1,890 and flat on the day.
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XAU/USD resumes run-up to $1,900.
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Gold Price Forecast: GLD Jumps from 7-Month Low, Can XAU Bulls Drive?
Gold this week opened the Asian session with deepened losses, recording a fresh intraday low of $1,818.70/ounce.
Gold prices ballooned in 2020, attributed to low-interest rates, the economic relief bill, and the weak dollar.