The precious metal hit a session low on Tuesday. The declines came amid a lack of fresh fundamentals to go by in the markets.
The demand for the safe haven was also weaker as equities managed to post some meager gains. Gold was a bit choppy earlier in the week after the knee-jerk reaction to the US- China trade talks eased.
Gold Slips Below the Range Once Again
The precious metal eased once again, falling below the lower end of the sideways range. XAUUSD was trading below the 1485 handle. The breakdown in the level comes as gold prices remain trading rather flat.
If the downside momentum continues, we expect gold to retest the previous lows of 1462. To the upside, the price level of 1485 could be tested.
