The gold price depreciated 1.11 % since Monday’s session. On Tuesday, the yellow depreciated to trade at the 1,190.10 mark due to fundamental events that occurred during Monday’s trading day.
In regards to the near-term future, most likely, the yellow metal will trade downside towards the bottom boundary of the ascending medium pattern at the 1,186.00 mark.
Moreover, after the fundamentals, the simple moving averages will try to catch up the rate during the following trading session.
