Since Friday, the XAU/USD exchange rate has been testing the psychological level at 1,815.00.
Given that yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,830.00 area, it is likely that some downside potential could prevail in the market in the short term.
In the meantime, it is unlikely that bulls could prevail in the market, and the price for gold could exceed the psychological level at 1,845.00 within the following trading session.
